The Office of the Comptroller of the Currency (OCC) on Wednesday issued proposed guidance to simplify how community banks can meet Community Reinvestment Act (CRA) requirements through a strategic plan.

The proposal follows a series of changes announced by the OCC in October and November that aim to reduce regulatory burdens for community banks. The October and November changes clarified examination procedures for these institutions and reduced their data collection requirements.

“Community banks are important drivers of economic growth and require a tailored, proportional supervisory framework that reflects their critical role in local economies,” Comptroller of the Currency details ⇒

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