United States:
Federal Register: OCC Solicits Feedback On Proposed Modernization Of CRA Regulatory Framework
14 September 2018
Cadwalader, Wickersham & Taft LLP
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The Office of the Comptroller of the Currency ("OCC")
request for comment on how to modernize the Community Reinvestment Act
("CRA") regulatory framework was published in the Federal Register. Comments
must be received on or before November 19, 2018.
As
previously covered, the OCC will consider feedback on ways to
amend the CRA framework in order to (i) better serve the CRA's
intended purpose, (ii) increase lending and investment in
underserved areas and (iii) reduce the reporting and CRA
performance assessment burden.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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