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ABA: The American Bankers Association
Compliance News

OCC Issues FAQs on Final Rule to Rescind 2020 CRA Regulations

The OCC issued a set of frequently asked questions on its final rule to rescind its 2020 Community Reinvestment Act rule and replace it with rules based on the 1995 CRA rules that were jointly adopted by the OCC, Federal Reserve and FDIC.

The FAQs address qualifying activities, transition period, examination administration, assessment areas, targeted geographic areas, data reporting, changes to public notices and strategic plans.