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ABA: The American Bankers Association
Compliance News

ABA Issues Staff Analysis of CRA Modernization Proposal

ABA released a free, members-only staff analysis of the OCC and FDIC's proposal to modernize the Community Reinvestment Act regulatory framework. The staff analysis covers 10 key aspects of the proposal, including the anticipated list of pre-approved CRA-eligible activities, the new concept of assessment areas, the performance standards used to measure CRA compliance, data collection and reporting requirements and the opt-in for banks with less than $500 million in assets. For more information, contact ABA's Krista Shonk.