OCC, FDIC New CRA Reform Proposal Misses the Mark
WASHINGTON, D.C. – Today, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) announced a proposal to reform the Community Reinvestment Act (CRA)—the landmark anti-redlining law enacted nine years after the Fair Housing Act of 1968 to stop persistent discrimination in lending. The Federal Reserve, which shares a regulatory oversight role on CRA...