ICBA called on Comptroller of the Currency Joseph Otting to work with other prudential regulators to issue a joint notice of proposed rulemaking on Community Reinvestment Act reform.
In a letter to Otting, ICBA said working jointly on CRA reform would increase regulatory certainty and industry-wide consistency
ICBA also advocated:
Read ICBA Letter
- a CRA credit multiplier for banks offering loan and investment participations to community banks,
- providing CRA credit to banks for the duration of a loan rather than merely in the year a loan is originated, and
- exemptions from full-scope examinations for minority- and women-owned financial institutions.