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Proposed CRA Revamp Could Spur Disinvestment in Cleveland » NCRC
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FDIC, OCC Issue Proposed Rulemaking on CRA Rules
The FDIC and the OCC recently issued a notice of proposed rulemaking regarding the Community Reinvestment Act (CRA) rules, which, among other things, seeks to increase the CRA’s focus on lending, ease burdens on smaller banks, and ensure community development funds reach the intended communities. This proposed rule comes after the 2023 final CRA rule that was previously issued by the FDIC, OCC, and Federal Reserve. That prior final rule was su…
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