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OCC goes it alone on first step toward CRA overhaul
August 28, 2018
On August 28, The Office of the Comptroller of the Currency issued more than 30 questions Tuesday asking the public how it can revamp a 40-year-old law that grades banks on their lending to low-and-moderate income communities.
“Banks have a continuing responsibility to meet the credit needs of their communities, but in recent years banking has seen major changes,” said Richard Hunt, president and CEO of the Consumer Bankers Association, in a statement.