OCC Releases Performance Evaluations from October, Including Substantial Noncompliance Finding
The Office of the Comptroller of the Currency (OCC) this week released a list of Community Reinvestment Act (CRA) performance evaluations that became public in October, including the first substantial noncompliance finding in three years. Of the 15 evaluations made public, nine are satisfactory, five are outstanding and one was evaluated with substantial noncompliance. The last OCC rating of substantial noncompliance was made public in September 2018. The list contains national banks, federal savings associations and insured federal branches of foreign banks.