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MoFo Reenforcement The Enforcement Blog

First Mover: The OCC Finalizes its CRA Rule

Posted in Regulatory Developments

On May 20, 2020, the OCC published a final rule intended to modernize the rules implementing the Community Reinvestment Act (“CRA”). While the CRA is administered jointly by the OCC, the FDIC, and the Federal Reserve, the OCC alone is moving forward with the regulatory overhaul. As a result, the final rule’s changes apply only to national banks and thrifts.

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