The OCC has begun the Community Reinvestment Act review recommended by Treasury in its report earlier this year on banking-regulation change. Focusing only on CRA ratings, not the broader CRA questions that Treasury addresses, the OCC instructs its senior officers to alter the way evidence of possible discrimination or illegal lending is considered to focus CRA ratings on community reinvestment absence any actual patterns or practices that undermine CRA responsibilities. As a result, instances of lending enforcement undertaken by the CFPB may not be reflected in OCC CRA ratings, nor will the agency necessarily lower CRA ratings based on its own enforcement actions related to cross-selling, auto loans, or similar matters.
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