Browsing: CRA modernization

Policy

Now that the OCC and FDIC have formally issued their proposal to modernize Community Reinvestment Act rules, the OCC is requesting public input and bank-specific data to help determine how the proposal might be revised to achieve CRA’s purpose.

Policy

Federal Reserve Governor Lael Brainard, the agency’s point person for the Community Reinvestment Act modernization process, today outlined the Fed’s approach to revising CRA rules and explained why the Fed did not join the notice of proposed rulemaking issued last month by the OCC and the FDIC.

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