Full text of Press Releases of the United States Department of the Treasury : U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the OCC's and FDIC's proposals to modernize Community Reinvestment Act (CRA) regulations:

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3/19/2020

U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the OCC’s and FDIC’s proposals to modernize Community…

U.S. Treasury Secretary Steven T. Mnuchin issued the following
statement on the OCC’s and FDIC’s proposals to modernize
Community Reinvestment Act (CRA) regulations:
December 12, 2019

“Today’s announcement by the OCC and the FDIC is an important step in improving the CRA and
enhancing the ability of banks to deliver services in low- and moderate-income communities
consistent with safe and sound operations. Community needs and the banking landscape have
changed dramatically since the CRA was passed more than forty years ago, and I applaud
Comptroller Otting, Chairman McWilliams, and their teams for developing much needed
regulations to modernize and improve the e ectiveness of the CRA.”
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https://home.treasury.gov/news/press-releases/sm855

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