The OCC issued a Notice of Proposed Rulemaking concerning the Community Reinvestment Act, which aims to enhance and modernize the regulatory framework.
What changed
This proposed rulemaking is set to revise existing CRA regulations to better reflect the needs of communities and enhance accountability.
Compliance perspective
Stakeholders should prepare for potential changes and consider submitting comments during the public comment period.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.