CRA REFORM: Proposal to revamp the way the Community Reinvestment Act is applied to banks and thrifts. Regulators took a second shot at CRA reform with a plan published on Oct. 7; comments were due Nov. 21.

Fed and OCC officials have said the new rules will give banks the option of defining their community's credit needs, rather than relying on an examiner's assessment. Also, regulators have said that independently run small banks can qualify for a streamlined exam, even if their parent companies control more than $250 million in assets.

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