Insights

The Prudential Banking Regulators' Joint Proposed Community Reinvestment Act Regulations

June 27, 2022
Intelligence That Works

Bank Counsel Roundtable

Following the rescission to the Office of the Comptroller of the Currency (OCC) of its recently revised Community Reinvestment Act (CRA) regulations on May 5, 2022, the federal banking agencies once again issued a joint proposal to update the implementing regulations for the CRA.

Because the CRA regulations directly impact a broad range of issues with the safety and soundness regulatory process, the proposal will become a focal point by the banking regulators when viewing a bank’s overall operations for years to come.

Walter Mix joined Erin Bryan and Joseph Lynyak (Dorsey & Whitney LLP) to analyze the joint proposal, compare it to the current CRA regulations, and identify legal concerns when the joint proposal is eventually adopted.

Find out more.

Prepare for what's next.

ThinkSet magazine, a BRG publication, provides nuanced, multifaceted thinking and expert guidance that help today’s business leaders adopt a more strategic, long-term mindset to prepare for what’s next.