IBA E-News 11-25-20
FEDERAL GOVERNMENT RELATIONS
OCC Issues Much-Anticipated Proposal on CRA Performance Standards
The Office of the Comptroller of the Currency on Tuesday proposed its approach to determining Community Reinvestment Act evaluation measure benchmarks, retail lending distribution test thresholds and community development minimums under the new general performance standards outlined in the CRA final rule issued earlier this year.
In a notice of proposed rulemaking, the OCC indicated it intends to issue an information collection survey to obtain bank-specific information from institutions...