{"id":8832,"date":"2018-08-30T08:56:07","date_gmt":"2018-08-30T12:56:07","guid":{"rendered":"http:\/\/centerforfinancialstability.org\/wp\/?p=8832"},"modified":"2018-08-30T08:56:07","modified_gmt":"2018-08-30T12:56:07","slug":"occ-proposes-new-cra-regulatory-framework","status":"publish","type":"post","link":"https:\/\/centerforfinancialstability.org\/wp\/2018\/08\/30\/occ-proposes-new-cra-regulatory-framework\/","title":{"rendered":"OCC Proposes New CRA Regulatory Framework"},"content":{"rendered":"<p>In a notice of proposed rulemaking, the Office of the Comptroller of the Currency (&#8220;OCC&#8221;) <a href=\"https:\/\/www.occ.gov\/news-issuances\/news-releases\/2018\/nr-occ-2018-87.html\">requested<\/a> feedback on the ways it could <a href=\"https:\/\/www.occ.gov\/news-issuances\/news-releases\/2018\/nr-occ-2018-87a.pdf\">modernize<\/a> the Community Reinvestment Act (&#8220;CRA&#8221;) regulatory framework. Comments must be submitted within 75 days after publication in the Federal Register.<\/p>\n<p>In response to requests to reform the CRA, the OCC reported that it is considering amending the regulations that implement the CRA, which serves to assist insured depository institutions in &#8220;meet[ing] the credit needs of their communities, including low- and moderate-income . . . neighborhoods.&#8221; The OCC will consider feedback on ways to amend the CRA framework in order to (i) better serve the CRA&#8217;s intended purpose, (ii) increase lending and investment in underserved areas, and (iii) reduce the reporting and CRA performance assessment burden.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a notice of proposed rulemaking, the Office of the Comptroller of the Currency (&#8220;OCC&#8221;) requested feedback on the ways it could modernize the Community Reinvestment Act (&#8220;CRA&#8221;) regulatory framework. Comments must be submitted within 75 days after publication in &hellip; <a href=\"https:\/\/centerforfinancialstability.org\/wp\/2018\/08\/30\/occ-proposes-new-cra-regulatory-framework\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-8832","post","type-post","status-publish","format-standard","hentry","category-reg"],"_links":{"self":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/8832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/comments?post=8832"}],"version-history":[{"count":1,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/8832\/revisions"}],"predecessor-version":[{"id":8833,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/8832\/revisions\/8833"}],"wp:attachment":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/media?parent=8832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/categories?post=8832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/tags?post=8832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}