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The Office of the Comptroller of the Currency released a list of 18 Community Reinvestment Act (CRA) performance evaluations made public in May. Eleven were rated satisfactory and seven were outstanding. The list contains national banks, federal savings associations and insured federal branches of foreign banks.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today published a statement that extends for 36 months the period for favorable Community Reinvestment Act (CRA) regulation consideration for bank activities that help revitalize or stabilize disaster areas in Puerto Rico and the U.S. Virgin Islands hit by Hurricane Maria. The extension now lasts through Sept. 20, 2023, and applies to institutions located outside of the areas.
The Office of the Comptroller of the Currency (OCC) today announced that it will reconsider its final rule to modernize the agency’s regulations for the Community Reinvestment Act (CRA) and will not implement much of the evaluation criteria in the May 2020 rule. The announcement, in OCC Bulletin 2021-24, says the OCC will continue to implement certain provisions that had a compliance date of Oct. 1, 2020. OCC issued the final rule after stakeholders provided more than 7,500 comments–most of them in opposition to the final rule.
The Office of the Comptroller of the Currency (OCC) Tuesday released Community Reinvestment Act performance evaluations made public in April. Of the 15 national banks, federal savings associations and insured federal branches of foreign banks, 12 were rated satisfactory and three were rated outstanding.
The Office of the Comptroller of the Currency released a list of Community Reinvestment Act (CRA) performance evaluations made public in March, with 14 of the 15 institutions receiving ratings of satisfactory or outstanding. One institution received a needs-to-improve rating. The list contains only national banks, federal savings associations and insured federal branches of foreign banks.
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