Interagency Q&As Regarding Community Reinvestment Summary
The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) have issued revised questions and answers on the Community Reinvestment Act (CRA). In their final guidance, the agencies clarified nine of the 10 proposed Q&As. The changes focus on alternative delivery of retail banking services, innovative or flexible lending practices, qualified investments and community development. This summary provides an overview of the CRA questions and answers that went into effect on July 25, 2016.
Members Can Download This Tool
Login to Download
Not Yet a Member?
Financial compliance consulting for small-to-medium community banks, Compliance Alliance is owned by 27 state bankers associations and trusted by financial institutions nationwide. Find out how a personalized team of attorneys and compliance professionals helps financial institutions like yours to operate leaner and stimulate growth across your entire enterprise when you take our demo/tour.