Advocacy Submits Comments on the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation’s joint proposed rule on the Community Reinvestment Act

On April 8, The Office of Advocacy of the U.S. Small Business Administration (Advocacy) submitted comments on the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation’s (FDIC) joint proposed rule on the Community Reinvestment Act (CRA).  While Advocacy commends the agencies for taking steps to clarify the CRA, there are aspects of the proposal that may be burdensome to small entities. Advocacy encourages the agencies to consider less burdensome alternatives for small entities. 

Comment Letter

Fact Sheet

For further information, please contact Jennifer Smith with the Office of Advocacy.