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Financial Services Law Insights and Observations

FDIC and OCC expand comment period for CRA proposal

Agency Rule-Making & Guidance Federal Issues OCC FDIC CRA

Agency Rule-Making & Guidance

On February 19, the FDIC and the OCC jointly released a statement extending the public comment period for the proposed Community Reinvestment Act regulations by 30 days. As previously covered by a Buckley Special Alert, the two agencies initially released the notice of proposed rulemaking—which the agencies assert will provide clarity on what activities are eligible for CRA consideration—on December 12. The new comment deadline is April 8.