Community Reinvestment Act Overhaul: Proposed Changes to CRA Regulations and How They Could Affect Banks
The Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) are proposing to make major changes to their decades-old Community Reinvestment Act (CRA) regulations, which could have significant consequences for many US banks. Please join Mayer Brown partners Jeff Taft and Stephanie Robinson as they discuss:
- The potential split among the federal banking agencies and the implications
- What the proposed regulations could mean for large and small banks and community development activity
- How the proposed regulations differ from the existing regulations
Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.