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ABA: The American Bankers Association
Compliance News

Agencies Extend CRA Proposal Comment Period

The FDIC and OCC on Feb. 19 extended by 30 days the comment period for their proposal to modernize Community Reinvestment Act regulations. Comments are now due April 8.

ABA encourages members to comment on the proposal and has compiled a guide to help bankers draft their comment letters. The members-only resource highlights several key aspects of the proposal—such as assessment areas, performance measurement and data collection—that bankers can address. The guide also provides instructions for filing letters once completed. For more information, contact ABA's Krista Shonk.