04 Dec OCC – Proposed Rule – Community Reinvestment Act Regulations
December 4, 2020 – The OCC is issuing a notice of proposed rulemaking to request comment on the OCC’s proposed approach to determine the Community Reinvestment Act (CRA) evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums under the general performance standards.
The proposal further explains how the OCC would assess significant declines in CRA activities levels in connection with performance context following the initial establishment of the benchmarks, thresholds, and minimums.
Finally, the proposed rule would make clarifying and technical amendments to the CRA final rule.
Comments must be received on or before February 2, 2021.
For more information, visit www.FederalRegister.gov.