OTS Open to Making CRA Rules Consistent with Banking Agencies
September 11, 2006
The Office of Thrift Supervision is considering suggestions made by industry and community groups to amend its Community Reinvestment Act regulations so they are consistent once again with those of federal thrift and banking regulators. For the first time since breaking away last year from other federal regulators as a result of disagreement over certain proposed CRA changes, the OTS signaled the possibility of uniform interagency CRA rules. The agency provided the opening in last week’s issuance of finalized questions...