OCC issues final CRA rule (but FDIC takes a pass)
CFPB Monitor
MAY 22, 2020
Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. Banks subject to the small and intermediate bank performance standards must comply with the new CRA framework by January 1, 2024. The final rule applies to national banks and federal savings associations.
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