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Final Rule on CRA Reform Released

Posted By Administration, Wednesday, May 20, 2020
Today, the Office of the Comptroller of the Currency (OCC) released a final rule that makes significant changes to its proposed overhaul of the Community Reinvestment Act. NALHFA previously submitted written comments during the proposed rule stage.
 
While NALHFA is still reviewing the text of the final rule, initial examinations of the rule show that it will increase bank CRA-related lending, investment, and services in low- and moderate-income communities where there is significant need for credit, more responsible lending, and greater access to banking services.

 

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