OCC Issues Proposal to Rescind its 2020 Community Reinvestment Act Rule

Office of the Comptroller of the Currency
Wednesday, September 8, 2021

The Office of the Comptroller of the Currency (OCC) is soliciting comments on proposed rules to rescind the Community Reinvestment Act (CRA) rule issued in 2020 and replace it with rules adopted jointly by the Federal banking agencies in 1995, as amended. This action facilitates the ongoing interagency work to modernize the CRA regulatory framework and promote consistency for all insured depository institutions. The proposed rules would apply to all national banks and all federal and state savings associations. Comments must be received on or before October 29, 2021.