In January, the Office of the Comptroller of the Currency (OCC) along with the Federal Deposit Insurance Corporation (FDIC), proposed rules that would considerably weaken the regulations governing the Community Reinvestment Act (CRA). The original deadline to submit comments on the proposed rules was due to end on March 9.
Just before that deadline, the OCC and FDIC extended the deadline for comments to April 8, 2020. It is very important that the OCC and FDIC hear about the negative consequences of these proposed rules. To learn more, read about the possible impact on our blog.
CRA Comments Deadline is Wednesday, April 8