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Home » Store » Taxable » Agencies Recall CRA Benchmark Proposal, OTS Chooses to Finalize

Agencies Recall CRA Benchmark Proposal, OTS Chooses to Finalize

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Apparent disagreement over how to deal with the deep division between industry and consumer groups over an interagency proposal to modify the current Community Reinvestment Act test for small banks has prompted three regulatory agencies to take separate actions. The Federal Reserve Board and the Office of the Comptroller of the Currency announced their intention to withdraw their CRA proposals shortly after the OTS announced it was going to finalize a rule that is
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