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Recent News
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.
The Office of the Comptroller of the Currency (OCC) released a list of 19 Community Reinvestment Act (CRA) performance evaluations made public in August. Among national banks, federal savings associations and insured federal branches of foreign banks, five were rated outstanding and 14 were rated satisfactory.
The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations made public in July. Of the 14 evaluations made public, 11 were satisfactory and three were outstanding. The evaluations are for national banks, federal savings associations and insured federal branches of foreign banks.
The Office of the Comptroller of the Currency announced this week that it will propose rescinding its 2020 Community Reinvestment Act (CRA) rule and will work with the Federal Reserve and Federal Deposit Insurance Corporation (FDIC) to modernize CRA regulations. The three agencies oversee regulations concerning the CRA. An interagency statement said they will work jointly to “strengthen and modernize regulations implementing” the CRA.
The Office of the Comptroller of the Currency (OCC) released a list of 16 Community Reinvestment Act (CRA) performance evaluations that became public in June. Eleven ratings were satisfactory and five were outstanding. The rankings are for national banks, federal savings associations and insured federal branches of foreign banks.
