Notice of proposed rulemaking for amendments to Community Reinvestment Act regulations has been put forth.
What changed
The rulemaking seeks to revise standards for assessing bank performance in meeting community credit needs.
Compliance perspective
Banks should prepare to align their practices with new performance measures once enacted.
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.