Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on CRA Ratings
August 17, 2018 / Source: OCC
OCC BULLETIN 2018-23
Subject: Community Reinvestment Act
Date: August 15, 2018
To: Chief Executive Officers and Compliance Officers of National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings
The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to make public the revised Policies and Procedures Manual (PPM) 5000-43, which clarifies the OCC’s policy for applying the regulatory framework to determine the effect of evidence of discriminatory or other illegal credit practices on the Community Reinvestment Act (CRA) rating of a national bank, federal savings association, or federal branch. This updated PPM replaces the similarly titled PPM issued in October 2017.
The updated PPM replaces and rescinds OCC PPM 5000-43, “Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings” (October 12, 2017).
This bulletin replaces and rescinds OCC Bulletin 2017-40, “Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings.”
Note for Community Banks
The OCC applies PPM 5000-43 to all OCC-supervised banks that are subject to the CRA, including community banks.
Please contact Vonda Eanes, Director for CRA and Fair Lending Policy, at (202) 649-5470.
Grovetta N. Gardineer
Senior Deputy Comptroller for Compliance and Community Affairs