The Office of the Comptroller of the Currency (OCC) recently issued a bulletin rescinding its guidance created to support banking institutions’ efforts to better serve low- and moderate-income communities through lending activities related to high loan-to-value (LTV) ratio loans.
The agency noted that it continues to support the use of lending strategies many banks employ to help underserved communities, many of which qualify for Community Reinvestment Act credit.
Learn more about the bulletin that has been rescinded.