The FDIC board of directors announced it will meet this week on a notice of proposed rulemaking on revising Community Reinvestment Act regulations. The board meeting is scheduled for 10 a.m. (Eastern time) this Thursday, May 5.
FDIC board meeting this week on CRA reform proposal
May 03, 2022 / By ICBA
The FDIC board of directors announced it will meet this week on a notice of proposed rulemaking on revising Community Reinvestment Act regulations. The board meeting is scheduled for 10 a.m. (Eastern time) this Thursday, May 5.
The FDIC board of directors announced it will meet this week on a notice of proposed rulemaking on revising Community Reinvestment Act regulations. The board meeting is scheduled for 10 a.m. (Eastern time) this Thursday, May 5.
Background: Federal regulators have been working together on an interagency rulemaking since the OCC last year withdrew its June 2020 rule
ICBA Position: ICBA has repeatedly called on regulators to work together on updated CRA regulations that reflect banking industry changes, recognize the disproportionate reporting burden on community banks, and improve transparency.
More: An ICBA issue brief released earlier this year breaks down what community banks need to know about moving into a new CRA asset-size categorization.
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