OCC, FDIC propose another CRA revamp

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Dramatically weakens banks’ obligations under CRA — May lead to reduced investments in affordable housing.
Advocacy group’s concern over new proposal — Could result in fewer resources allocated towards working-class communities, exacerbating the housing crisis.

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August 3, 2026, BankingDive, OCC, FDIC Propose Another CRA Revamp In a statement Friday, Jesse Van Tol, CEO of the National Community Reinvestment Coalition, an advocacy group, said the proposal “dramatically weakens banks’ obligations to invest in working-class communities and threatens to...

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