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TREAS/OCC | RIN: 1557-AE34 | Publication ID: Fall 2019 |
Title: Reforming the Community Reinvestment Act Regulatory Framework | |
Abstract:
The OCC issued an ANPRM regarding options for modernizing the current regulations designed to carry out the purposes of the Community Reinvestment Act (CRA). A new approach to CRA could bring clarity, transparency, and less burden for regulated financial institutions and consumers, while promoting investment in a bank’s entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of the bank. |
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Agency: Department of the Treasury(TREAS) | Priority: Economically Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Yes | Unfunded Mandates: Undetermined |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 25 12 CFR 195 | |
Legal Authority: 12 U.S.C. 21 12 U.S.C. 22 12 U.S.C. 26 12 U.S.C. 27 12 U.S.C. 30 12 U.S.C. 36 12 U.S.C. 93(a) 12 U.S.C. 161 12 U.S.C. 215 12 U.S.C. 215(a) 12 U.S.C. 481 12 U.S.C. 1462(a) 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1814 12 U.S.C. 1816 12 U.S.C. 1828(c) 12 U.S.C. 1835(a) 12 U.S.C. 2901 to 2908 12 U.S.C. 3101 to 3111 12 U.S.C. 5412(b)(2)(B) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Federalism: Undetermined | |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.regulations.gov/docket?D=OCC-2018-0008 | Public Comment URL: https://www.regulations.gov/docket?D=OCC-2018-0008 |
RIN Data Printed in the FR: No | |
Agency Contact: Karen McSweeney Special Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6295 Email: karen.mcsweeney@occ.treas.gov Allison Hester-Haddad Special Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-7810 Email: allison.hester-haddad@occ.treas.gov |