Recent News
The Office of the Comptroller of the Currency (OCC) released a list of 23 Community Reinvestment Act (CRA) performance evaluations that became public in December. Sixteen evaluations were satisfactory, 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 (OCC) today issued a final rule to rescind the Community Reinvestment Act (CRA) rule it issued in June 2020. Today’s action replaces the 2020 rule with a rule based on rules adopted by the OCC, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) in 1995, as amended. The final rule applies to national banks, federal savings associations and state savings associations. The updated rule takes effect Jan. 1, 2022.
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 Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations that became public in September. Of the 14 evaluations of national banks, federal savings associations and insured federal branches of foreign banks, 10 were satisfactory, four were outstanding.
The Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking today to rescind the Community Reinvestment Act (CRA) rule that the OCC issued in 2020 and replace it with the rules it replaced. The action would return the OCC CRA regulations to those adopted in 1995 and amended. The proposed rule would apply to all national banks and all federal and state savings associations. Comments on the proposed rule are accepted on or before Oct. 29.
