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Buckley Webcast: The future of the Community Reinvestment Act

The rules governing Community Reinvestment Act compliance, last revised in the mid-1990s, are long overdue for modernization, and the OCC, Fed, and FDIC have indicated that revisions are imminent. The OCC last fall published an advanced notice of proposed rulemaking soliciting reaction to a wide range of CRA compliance issues and since that time, the Fed and FDIC have joined the OCC in speaking publicly about revisions that could come within the year. Buckley attorneys Warren Traiger and Caroline Eisner discussed the OCC’s ANPR and the 1,500 responses submitted by the banking industry, community advocates, and government entities, as well as what revisions appear most likely.

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The information contained herein is for informational purposes only, does not constitute legal advice, and does not necessarily reflect the opinions of Buckley LLP or any of its attorneys or clients. This presentation is not intended to create, and does not create, an attorney-client relationship between you and Buckley LLP, or any of the presenters, and you should not act or rely on any information in this presentation without consulting legal counsel. The information contained in this presentation may or may not reflect the most current legal developments. Accordingly, information in this presentation is not promised or guaranteed to be correct or complete, and it should not be considered an indication of future results. Buckley LLP expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this presentation.