Treasury Releases CRA Modernization Recommendations

US Department of the Treasury
Friday, April 6, 2018

The US Department of the Treeasury has released recommendations to modernize the Community Reinvestment Act (CRA). The recomendations were issued to the primary CRA regulators, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation. The objective of the recommendations it to better align CRA activity with the needs of the communities that banks serve, while being conducted in a manner consistent with a bank's safety and soundness.