Transcription of Final Rule Community Reinvestment Act Regulations
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Final Rule Community Reinvestment Act Regulations
1 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Part 25 [Docket No. OCC-2021-0014] RIN 1557-AF12 Community Reinvestment Act Regulations AGENCY: Office of the Comptroller of the Currency, Treasury. ACTION: Final rule. SUMMARY: The Comptroller of the Currency is adopting a Final Community Reinvestment Act (CRA) rule that is based largely on the 1995 CRA rules, as revised, that were issued by the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC). This Final rule applies to national banks and savings associations. This action rescinds the CRA Final rule published by the OCC on June 5, 2020, and facilitates the OCC s planned future issuance of updated interagency CRA rules with the Board and FDIC.
2 SUPPLEMENTARY INFORMATION: I. Background Congress enacted the Community Reinvestment Act (CRA)1 in 1977 to encourage insured depository institutions (IDI)2 to help meet the credit needs of their entire communities, including low- and moderate-income (LMI) neighborhoods, consistent with the safe and sound
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