CRA Deal Between Fed, FDIC and OCC Still Not a Slam Dunk

July 30, 2021

Lisa Weingarten Richards of the Banking & Financial Services Practice is quoted in an American Banker article regarding possible reforms to the Community Reinvestment Act. Ms. Richards says, "Taken together, we have an OCC that is now essentially committed to reaching an interagency revision, that has inside knowledge of he Fed’s position on CRA, and an FDIC that had initially planned on joining the OCC. I just cannot see that there will be anything insurmountable in reaching an interagency CRA revision."

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