OCC to Take Preliminary Step in CRA Overhaul Plan

American Banker, Aug. 24, 2018–John Heltman, Rachel Witkowski (subscription)
Comptroller of the Currency Joseph Otting has been a vocal proponent of the need to overhaul the rules that the OCC–along with the Federal Reserve and Federal Deposit Insurance Corp.–use to implement the decades-old law, which requires banks to extend credit and services to low- and moderate-income customers in communities they serve.