OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES PROPOSED RULE: COMMUNITY REINVESTMENT ACT: SIMPLIFIED STRATEGIC PLAN PROCESS FOR COMMUNITY BANKS

WASHINGTON, Dec. 22 -- Office of the Comptroller of the Currency has issued a proposed rule called: Community Reinvestment Act: Simplified Strategic Plan Process for Community Banks.

The proposed rule was published in the Federal Register on Dec. 22 by Jonathan V. Gould, Comptroller of the Currency.

Summary: The Office of the Comptroller of the Currency (OCC or agency) is proposing supplemental guidance on a simplified strategic plan process for community banks interested in requesting that the OCC evaluate their Community Reinvestment Act (CRA) performance under a strategic plan. The proposed simplified strategic plan process is designed to make the strategic plan option more accessible to and less burdensome for community banks.

For mo...