The OCC’s Final CRA Rule Improves Upon the Proposed Rule but Remains Unsatisfactory

Urban Institute, July 2, 2020–Laurie Goodman, Ellen Seidman, Jun Zhu
The authors explain the four biggest failings of the Office of the Comptroller of the Currency’s final rule and discusses how the resulting split between the OCC and the other two bank regulators – the Federal Deposit Insurance Corp. and the Federal Reserve – will confuse banks and community members.