Final CRA Rule to Modernize Regulations

Final CRA Rule to Modernize Regulations

by | Oct 25, 2023 | CRA

The joint agencies finally issued the final CRA rule to modernize regulations implementing the community reinvestment act. To bankers, the most important aspect of this rule might be that it solidified consistency between the agencies. As background, in 2020 the OCC...
2022 CRA NPR: A 5‐Alarm Fire in the Making for Banks

2022 CRA NPR: A 5‐Alarm Fire in the Making for Banks

by | Jun 3, 2022 | CRA

Dear Banker, Readers and reviewers of the 2022 joint CRA NPR issued by the bank regulators on May 5 may be overwhelmed by the long (679 pages) and complex proposed rule-making document. Just trying to grasp the proposal is a daunting task. For sure, the NPR does...