March 8, 2021

Interagency CRA Frequently Asked Questions Related to COVID-19 Pandemic Issued

Summary

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) today published a new version of frequently asked questions (FAQ) to assist financial institutions and examiners with determining Community Reinvestment Act (CRA) consideration for activities undertaken in response to the COVID-19 pandemic. This issuance adds five new FAQs to the 13 interagency FAQs dated May 27, 2020.

Note for Community Banks

This bulletin applies to community banks1 subject to the CRA.

Highlights

The five new FAQs address

Related Link

This post was originally published here.