Bloomberg Law
Dec. 26, 2018, 10:30 AM

2019 Outlook: OCC May Need to Bend on Community Investment Metric

Evan Weinberger
Evan Weinberger
Assistant Managing Editor

The Office of the Comptroller of the Currency got the ball rolling on revamping rules for banks’ investments in low- to middle-income communities, but further progress depends on whether two other regulators sign on to the effort in 2019.

The OCC made clear in an August proposal that it envisioned potentially radical changes to the way regulators rate banks’ compliance with the 1977 Community Reinvestment Act (CRA). Among the ideas the OCC sought comment on were a potential single metric to determine a bank’s lending and investment in relevant neighborhoods nationwide and sweeping changes to the areas that banks are ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.