The OCC issued proposed rules to rescind its May 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.
OCC proposes rescinding CRA rule
September 09, 2021 / By ICBA
The OCC issued proposed rules to rescind its May 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.
The OCC issued proposed rules to rescind its May 2020 Community Reinvestment Act rule and replace it with interagency rules adopted in 1995.
Previous: The OCC in July said it would rescind the CRA rule and work with other agencies on a joint rulemaking, which the FDIC and Federal Reserve Board affirmed in a separate statement.
ICBA Position: ICBA expressed support for the OCC announcement after previously supporting the agency’s May announcement that it would reconsider the rule.
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