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ABA: The American Bankers Association
Compliance News

ABA's CRA Working Group Poses Questions to OCC on New CRA Framework

As the OCC continues to update Community Reinvestment Act regulations, guidance and exam procedures, ABA's CRA working group sent a list of questions to the agency on its recently finalized rule to modernize the framework. ABA shared the list "in the spirit of collaboration and with the goal of helping the OCC to identify and address information gaps."

The questions addressed a range of topics including effective dates and transition rules, performance measurement, CRA evaluation measures, the retail lending distribution test and reporting. For questions, contact Krista Shonk.