Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act
October 13, 2017 / Source: OCC
OCC BULLETIN 2017-40
Subject: Community Reinvestment Act
Date: October 12, 2017
To: Chief Executive Officers of All National Banks and Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, District Counsels, and All Examining Personnel
Description: Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings
The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to make public Policies and Procedures Manual (PPM) 5000-43, which sets the OCC’s policy and framework for determining the effect of evidence of discriminatory or other illegal credit practices on the Community Reinvestment Act (CRA) rating of a national bank, federal savings association, or federal branch.
Note for Community Banks
The OCC applies the policy and framework set forth in PPM 5000-43 to all OCC-supervised banks that are subject to the CRA, including community banks.
Please contact Vonda Eanes, Director for CRA and Fair Lending Policy, at (202) 649-5470.
Grovetta N. Gardineer
Senior Deputy Comptroller for Compliance and Community Affairs