At least two federal banking agencies are close to finalizing an overhaul of Community Reinvestment Act (CRA) requirements.
Comptroller Joseph Otting confirmed in a statement obtained by Dodd Frank Update that he believes the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. will have a joint proposal for banks to review by the end of the year.
Learn more details about the likelihood of Otting’s prediction coming to fruition.