The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule.
OCC issues final rule rescinding CRA rule
December 15, 2021 / By ICBA
The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule.
The OCC issued a final rule to rescind its June 2020 Community Reinvestment Act rule and reinstate the 1995 interagency CRA rule.
Details: Effective Jan. 1, the final rule applies to national banks as well as federal and state savings associations.
ICBA Position: In a recent comment letter and joint letter with other groups, ICBA said it supports the recission but opposes an outright return to the 1995 rule for provisions of the 2020 rule that banks have already implemented.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
