October 27, 2026, Dodd Frank Update, Bankers, consumer advocates divided on proposed CRA revisions
Numerous banking trade organizations urged federal agencies to reconsider certain proposed revisions to the Community Reinvestment Act (CRA) framework, which governs banks’ obligations to meet the credit needs of the communities they serve. Consumer advocates, on the other hand, presented a very different perspective on the proposal.
The American Bankers Association and the National Community Reinvestment Coalition (NCRC) joined with associations across the country to express differing viewpoints about the proposal to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) in response to a proposed rule issued in July.
