The OCC issued responses to frequently asked questions on its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.
OCC issues FAQs on rescinding CRA rule
October 27, 2021 / By ICBA
The OCC issued responses to frequently asked questions on its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.
The OCC issued responses to frequently asked questions on its proposal to rescind its June 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.
Details: The FAQs include details on how the rescission will affect bank types that are based on the 2020 rule, which could affect banks near a size category threshold.
Deadline: Comments on the proposal are due this Friday, Oct. 29. The proposal is slated to take effect Jan. 1, 2022.
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