Office of the Comptroller of the Currency (OCC) Issues Proposed Rule to Rescind June 2020 Community Reinvestment Act

On September 17, 2021, the Office of the Comptroller of the Currency (OCC) issued a proposed rule to rescind and replace its rule implementing the Community Reinvestment Act (CRA) for national banks and savings associations that was published on June 5, 2020.  The OCC would replace the June 2020 Rule with rules largely based on those adopted by the OCC, Federal Deposit Insurance Corporation (FDIC), and Board of Governors of the Federal Reserve System (Board) and the former Office of Thrift Supervision on May 4, 1995. The proposal would align the OCC’s CRA rules with the current Board and FDIC CRA rules to facilitate ongoing interagency work to modernize the CRA rules and create consistency for all insured depository institutions. The June 2020 Rule would remain in effect until replaced by final rules based on this proposal. The OCC proposes to apply a transition for replacing certain aspects of the June 2020 Rule (e.g., bank type changes, approved strategic plans, and qualifying activities). Subsequently, as part of the ongoing interagency CRA rulemaking, the OCC would propose a joint revised CRA rule to replace the rules in this proposal.

Comments are due on October 29, 2021. 

Read the notice at

You may submit comments by any of the following methods:

  • Federal eRulemaking Portal— Go to Follow the instructions for submitting comments. Refer to Docket ID OCC-2021-0014.
  • Mail: Chief Counsel’s Office, Attention: Comment Processing, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
  • Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, Washington, DC 20219.

Instructions: You must include “OCC” as the agency name and “Docket ID OCC-2021-0014” in your comment.

Advocacy contact: Jennifer A. Smith at