Lenders Take Note: Federal Banking Agencies Issue Long-Awaited Community Reinvestment Act Final Rule
Troutman Sanders
OCTOBER 25, 2023
On October 24, the Federal Reserve Board (Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) finally issued their long-awaited final rule modernizing how they assess lenders’ compliance under the Community Reinvestment Act (CRA).
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