OCC CRA Final Rule – Opposition from Consumer Advocacy Groups and Congress
CFPB Monitor
JULY 9, 2020
Over the past six weeks, opposition to the OCC’s Community Reinvestment Act (“CRA”) final rule has hardened on two fronts. The plaintiffs’ complaint alleges that the OCC violated the Administrative Procedure Act in its haste to release the final and that the final rule lacks sufficient legal, analytical and public support.
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