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ICBA released a comprehensive summary of the recently released interagency final rule to reform Community Reinvestment Act regulations.
Comprehensive Summary: The new summary recaps the new rule’s coverage, assessment areas, new tests, community development credit, recordkeeping requirements, and more. ICBA previously released a high-level summary of the nearly 1,500-page rule.
Briefing Rescheduled: ICBA separately rescheduled a community bank briefing on the CRA rule. The briefing is now slated for 10 a.m. (Eastern time) Tuesday, Nov. 28.