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Financial Institution Letters

December 13, 2019

Notice of Proposed Rulemaking on Revisions to the Community Reinvestment Act Regulations

Printable Format:

FIL-81-2019 - PDF (PDF Help)


The FDIC and the Office of the Comptroller of the Currency (OCC) are issuing a joint Notice of Proposed Rulemaking (NPR) to comprehensively amend the Community Reinvestment Act's (CRA) implementing regulations. The rules were last substantially updated nearly 25 years ago. The proposed revisions would seek to modernize and update CRA regulations to better achieve the law's underlying purpose of encouraging banks to serve their communities. The NPR is intended to make the regulatory framework more objective, transparent, consistent, and easy to understand.

Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions. The proposed rule would allow banks with $500 million or less in total assets to opt in to the performance standards included in the proposal.


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