Transcription of OCC Bulletin 2022-4, “Frequently Asked Questions Regarding …
{{id}} {{{paragraph}}}
Example: air traffic controller
OCC Bulletin 2022-4, “Frequently Asked Questions Regarding …
Attachment to OCC Bulletin 2022-4 1 Frequently Asked Questions Regarding the final Rule to Rescind the OCC s june 2020 CRA Rule These frequently Asked Questions (FAQ) relate to the Office of the Comptroller of the Currency s (OCC) final rule issued on December 14, 2021 (December 2021 CRA rule)1 that rescinds and replaces the Community Reinvestment Act (CRA) rule issued on june 5, 2020 ( june 2020 CRA rule).2 The FAQs provide information about potential CRA Questions during the transition from the june 2020 CRA rule to the December 2021 CRA rule that is largely based on the rules adopted jointly by the OCC, the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) in 1995, as revised3 (1995 rules). Rulemaking Process and Timeline 1. What is the effective date of the December 2021 CRA rule?
final rule. The OCC will begin examining banks using all provisions of the December 2021 CRA rule on January 1, 2023. 13. Will the rescission of the June 2020 CRA rule be retroactively applied to its October 1, 2020, effective date? No. The OCC will not apply the June 2020 CRA rule’s recission retroactively. 14.
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: