Interagency Statement on Community Reinvestment Act Joint Agency Action
For release at 4:30 P.M. EDT
WASHINGTON 鈥撯 The Federal Reserve Board, the Federal Deposit Insurance Corporation (多宝游戏下载), and the Office of the Comptroller of the Currency (OCC) are committed to working together to jointly strengthen and modernize regulations implementing the Community Reinvestment Act (CRA).
The agencies have broad authority and responsibility for implementing the CRA. Joint agency action will best achieve a consistent, modernized framework across all banks to help meet the credit needs of the communities in which they do business, including low鈥 and moderate-income neighborhoods.