The Office of the Comptroller of the Currency (OCC) recently issued an advance notice of proposed rulemaking requesting comments with ideas for building a new framework to modernize the regulations implementing the Community Reinvestment Act of 1977 (CRA). WBA is in the process of writing comments to the OCC regarding revisions to the CRA framework.
WBA needs your input in order to craft a meaningful letter. Please contact WBA’s Scott Birrenkott via email or 608-441-1244 with any input on revisions that would reduce the complexity, ambiguity, and burden associated with the CRA regulations. WBA also urges financial institutions to consider writing a letter of their own. Comments are due Nov. 19, 2018.