Comments due on OCC CRA modernization ANPR
The OCC has announced it has released an Advanced Notice of Proposed Rulemaking (ANPR) seeking comment on the best ways to modernize the regulatory framework implementing the Community Reinvestment Act (CRA). Through this ANPR, the OCC seeks stakeholder comment on ways to modernize the regulations that implement the CRA, in order to better achieve the statute’s original purpose, increase lending and investment where it is needed most, and reduce the burden associated with reporting and assessing CRA performance. Comments received regarding this ANPR, which may inform the development of more specific policy proposals or future rulemakings, will be accepted for 75 days after publication in the Federal Register.
UPDATE: Published at 83 FR 45053 on 9/5/18, with a 75-day comment period ending 11/19/18.