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An Overview of the CRA Notice of Proposed Rulemaking
July 14, 2022 @ 9:00 am – 10:00 am PDT
The Community Reinvestment Act (CRA) seeks to address inequities in access to credit for low- and moderate-income communities as well as underserved rural communities. On May 5, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation jointly released a Notice of Proposed Rulemaking to update and modernize the regulation and better achieve the core purpose of the CRA in meeting the needs of low- and moderate-income Americans.
Join the San Francisco Fed on Thursday, July 14, for an overview of the proposal and its objectives.
Topics will include:
- Assessment areas
- Qualified activities
- Evaluation framework
- Ratings
- Data collection and reporting
The session will also cover how you can share your feedback on the proposal through August 5, 2022.