WASHINGTON - The Federal Reserve Board, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Office of Thrift Supervision have jointly published an advance notice of proposed rulemaking on the Community Reinvestment Act.
The agencies have asked for comments by Oct. 17 on all aspects of current CRA regulations and key issues raised since the rules were last revised in 1995. The FDIC announced the effort on July 10.
The agencies said that they would propose changes after evaluating comments from financial institutions and consumer and community groups, among others. The plan will also be open for public comment. A final rule is expected sometime next year.