Legal Seminar, Chicago, IL

OCC ANPR

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 Published in Federal Register on September 5, 2018  Soliciting “ideas for building a new framework to transform or modernize the regulations that implement the [CRA]”  align with the transformation of the banking industry  reduce complexity, ambiguity, and burden

© 2019 Howard & Howard Attorneys PLLC

OCC ANPR

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 Goals of a new framework:  Help financial institutions by encouraging more lending, investing and activity where needed most  Provide greater clarity regarding CRA-qualifying activity  Facilitate more timely evaluations  Offer greater transparency regarding ratings  Promote a consistent interpretation of the CRA  Encourage increased community and economic development in low- and moderate-income areas

© 2019 Howard & Howard Attorneys PLLC