SO WHERE IS CRA HEADED NOW?

News has been leaking all week, now it is official:

  • The Office of the Comptroller of the Currency (OCC) is publishing a final Community Reinvestment Act (CRA) rule today;
  • Comptroller of the Currency Joseph Otting is resigning tomorrow; and
  • The Federal Deposit Insurance Corporation is not joining the final CRA rule at this time.

That leaves many unanswered questions, including what happens next to CRA?

One thought on “SO WHERE IS CRA HEADED NOW?

  1. Is there any reason to think the FDIC is considering not joining at all, or is it absolute that it is truly a delay?

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