The Office of the Comptroller of the Currency (OCC) adopted a Final Rule[i] on May 20, 2020, with the intent to strengthen and modernize the implementation of the Community Reinvestment Act (CRA). The Final Rule changes the evaluation of national banks and savings associations’ CRA performance in four areas: (1) the definition of bank lending, investment and services (CRA activities) that qualify for positive CRA consideration; (2) the delineation of a bank’s assessment area; (3) the methods for consistently evaluating CRA performance; and (4) data reporting.

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