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Extension of Comment Period for Notice of Proposed Rulemaking on Revisions to the Community Reinvestment Act Regulations

Community Reinvestment Act
February 20, 2020

Summary:

The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) are extending until April 8, 2020, the comment period for the Notice of Proposed Rulemaking (NPR) on revisions to the Community Reinvestment Act regulations. The NPR was published in the Federal Register on January 9, 2020, with a comment period originally set to expire on March 9, 2020.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions.

Highlights:

  • On January 9, 2020, the FDIC and the OCC published in the Federal Register an NPR entitled "Community Reinvestment Act Regulations" proposing comprehensive amendments to the regulations implementing the Community Reinvestment Act.
  • The agencies have extended the deadline to comment on this NPR until April 8, 2020.
  • The agenices extended the comment period to allow interested persons more time to analyze the issues and prepare their comments, which were originally due March 9, 2020.

Suggested Distribution:

FDIC-Supervised Institutions

Suggested Routing:

Chief Executive Officer
Compliance Officer
Chief Lending Officer

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

Attachment(s)

Last Updated: February 20, 2020