Federal Regulators Propose Updates to Community Reinvestment Act Rules

The OCC and FDIC have jointly proposed amendments to Community Reinvestment Act (CRA) rules. These changes aim to better align with the CRA's mandate, ensure community development grants effectively reach low- and moderate-income neighborhoods, and reduce regulatory burdens for banks. The proposal seeks to provide clearer guidance for CRA consideration, potentially impacting how banks invest in underserved communities.