May 6, 2022

 

FYI. The agencies are hosting a public webinar next week on the interagency CRA Notice of Proposed Rulemaking that was issued today.

The link to register for the webinar – https://www.webcaster4.com/Webcast/Page/584/45470

The link to the proposed rule can be found here – https://www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-47.html

 

 

Register today for, CRA Reform Update: Overview of the Interagency CRA Notice of Proposed Rulemaking at the Connecting Communities® website. Participation is free, but pre-registration is required.

Session Date: Wednesday, May 11th, 2022

Session Times: Hawaii: 9:00 a.m.; Alaska: 11:00 a.m.; Pacific: 12:00 p.m.; Mountain: 1:00 p.m.; Central: 2:00 p.m.; Eastern: 3:00 p.m.

On May 5, the Federal Reserve Board (Board), Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) jointly released a Notice of Proposed Rulemaking (NPR) that would reform the Community Reinvestment Act (CRA) regulations. The CRA seeks to address inequities in access to credit for low- and moderate-income, as well as underserved and rural communities. The agencies seek public feedback on the joint proposal and comments are due on or before August 5, 2022.

On Wednesday, May 11, 2022, at 3:00 ET, the agencies will jointly host a special Ask the Regulators/Connecting Communities webinar for all CRA stakeholders that will provide an overview of the proposal and its objectives. Topics will include assessment areas, qualified activities, evaluation approach, ratings, and data collection and reporting. The session will be presented jointly by CRA policy experts from the Board, OCC, and FDIC.

Registration for the webinar is now available at: https://www.webcaster4.com/Webcast/Page/584/45470

We strongly encourage participants to use the webinar audio on their computer for the best experience. Webinar materials will be archived for future viewing.