Tag: OCC

OCC Finalizes Rules to Update Community Reinvestment Act Regulations

Filed in Codes and Standards, Housing Finance by on May 20, 2020 0 Comments
OCC Finalizes Rules to Update Community Reinvestment Act Regulations

The Office of the Comptroller of the Currency (OCC) today announced final rules to update the agency’s regulations under the Community Reinvestment Act (CRA).┬áNAHB submitted comments on the proposed rule issued by the Federal Deposit Insurance Corp. (FDIC) and OCC in April and we are currently examining the 372-page regulation to determine its impact on the housing community.

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Banking Agency Issues Guidance on Flood Insurance

Banking Agency Issues Guidance on Flood Insurance

On April 15, 2020, the Office of the Comptroller of the Currency (OCC) issued a statement in response to FEMA extending the grace period for renewing flood insurance policies. The statement provides guidance to the financial institutions it regulates, and addresses conflicts between the FEMA rule and banking agency flood insurance rules.

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FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations

Filed in Codes and Standards, Housing Finance by on December 16, 2019 0 Comments
FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations

On Dec. 12, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act that have not been substantively updated for nearly 25 years.

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