NCRC Statement On OCC’s Proposed CRA Thresholds

Yesterday, the Office of the Comptroller of the Currency (OCC) released a proposed rule for establishing the Community Reinvestment Act (CRA) evaluation measure thresholds, retail lending distribution test thresholds, and community development minimums under the general performance standards set forth in the agency’s 2020 final rule. Rather than proposing the promised thresholds, the OCC is instead launching a data collection effort to obtain the very data that should have been the basis of its final rule.Q3 2020 hedge fund letters, conferences and moreStatement On The Proposed CRA ThresholdsJ…

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HEDGE accordingly