Community Reinvestment Act Regulations

Title: Community Reinvestment Act Regulations
Subject: CRA
Agency: OCC
Status:
Proposed rule
Summary:

The Comptroller of the Currency proposes to replace the current Community Reinvestment Act rule with rules based on the 1995 Community Reinvestment Act (CRA) rules, as revised, issued by the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC). The proposal would replace the existing rule applicable to both national banks and savings associations with two separate rules, one for national banks and one for savings associations. Such action would effectively rescind the CRA final rule published by the Office of the Comptroller of the Currency on June 5, 2020, and facilitate the issuance of joint CRA rules with the Board and FDIC.

FR Doc: 2021-19738
Date proposed: Sept. 8, 2021
Comments due date: Oct. 29, 2021
Effective date:

Rule compliance date:
Agency release:
Related Reg Report item(s):

OCC proposes to rescind 2020 CRA rule as of Jan. 1, 2022; comments due Oct. 29