Subscribe

  • How Can We Help You?

    Global Problem Solving from Covington: Deal with Complex Problems Anywhere in the World

The Interagency Community Reinvestment Act Proposal: Ten Things To Know

Alert

  • News and Insights
  • The Interagency Community Reinvestment Act Proposal: Ten Things To Know
On May 5, 2022, the Board of Governors of the Federal Reserve System (“Board”), the Federal Deposit Insurance Corporation (“FDIC”), and the Office of the Comptroller of the Currency (“OCC”) released a notice of proposed rulemaking (“NPR”) to overhaul the agencies’ regulatory framework for evaluating banks’ Community Reinvestment Act (“CRA”) performance. The NPR would make the most significant interagency changes to the agencies’ CRA regulations in more than 25 years, and follows a 2020 advance notice of proposed rulemaking by the Board, as well as an effort by the OCC to make changes to its own CRA rules, which the OCC reversed last year. The deadline for comments on the NPR is August 5, 2022.

Share links:

Share links:

Related Professionals

Related Industries

Related News & Insights