OCC seeks feedback on refining CRA reform plan

Jan 14, 2020

The OCC requested information on how its joint proposed rule to modernize Community Reinvestment Act regulations might be revised. The request seeks bank-specific data and information to supplement available data and inform CRA modernization.

The OCC-FDIC proposed rule was published in the Federal Register last week, kicking off the proposal’s 60-day comment period. Comments will be due to the agencies by March 9.

The House Financial Services Committee tomorrow is scheduled to hold the first of two hearings on the OCC-FDIC proposal.