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. The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. The final rule applies to national banks and federal savings associations.
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