On December 12, 2019, the Office of the Comptroller of the Currency (the “OCC”) and the Federal Deposit Insurance Corporation (the “FDIC”) released a notice of proposed rulemaking to overhaul the agencies’ regulatory framework for evaluating banks’ Community Reinvestment Act (“CRA”) performance.  The proposal follows a 2018 advance notice of proposed rulemaking by the OCC, and if finalized, would constitute the first major set of revision to the CRA framework in nearly 25 years.

Click here to read our Ten Things to Know about the Community Reinvestment Act proposal.