Comments due: OCC (proposed rule; removal of June 2020 Community Reinvestment Act rule)
The Office of the Comptroller of the Currency (OCC) 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 OCC, Federal Reserve Board, and Federal Deposit Insurance Corp. (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 Fed Board and FDIC.
Reg lookup: Community Reinvestment Act Regulations