SUMMARY: The Office of the Comptroller of the Currency (OCC) is adopting a final rule to strengthen and modernize the Community Reinvestment Act (CRA) by clarifying and expanding the activities that qualify for CRA credit; updating where activities count for CRA credit; creating a more consistent and objective method for evaluating CRA performance; and providing for more timely and transparent CRA-related data collection, recordkeeping, and reporting.
DATES: This rule is effective on October 1, 2020. Banks must comply with the final amendments by October 1, 2020, January 1, 2023, or January 1, 2024, as applicable. Until the compliance dates, banks must continue to comply with parts 25 and 195 that are in effect on September 30, 2020 (as set forth in appendix C to 12 CFR 25). Alternatively, the OCC may permit a bank to voluntarily comply, in whole or in part, with the amendments adopted in this release prior to the applicable compliance dates. Parts 25 and 195 that are in effect on September 30, 2020 (as set forth in appendix C) expire on January 1, 2024.
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- September 30, 2020
- Time: All Day
Other events in Effective Date
- January 8, 2018: Final Rule: CRA Amendments
- January 8, 2018: Effective Date: Payday, Vehicle Title, and Certain High-Cost Installment Loans
- May 31, 2018: Effective Date: Real Estate Appraisals
- January 27, 2018: SAR Update and Revision
- January 8, 2018: Effective Date: Revisions to Call Report
- September 21, 2018: Effective Date: Small Bank Holding Company and Savings and Loan Holding Company Policy Statement
- June 18, 2018: Transition to Two-Business-Day Standard Securities Settlement Cycle
- September 21, 2018: Final Rule: 2018 HMDA Final Rule on Partial Exemptions to the EGRRCPA
- August 28, 2018: Final Rule: Amendment to Regulation P
- September 21, 2018: Effective Date: Regulation V Summaries of Rights Under FCRA
- June 18, 2018: Effective Date: Securities Transaction Settlement Cycle
- September 14, 2018: Effective Date: Truth in Lending (Regulation Z) Annual Threshold Adjustments
- October 8, 2018: Effective Date: Reg. CC Availability of Funds and Collection of Checks
- November 27, 2018: Effective Date: Final Amendments to Regulation J
- December 3, 2018: Effective Date: Appraisals for Higher-Priced Mortgage Loans Exemption Threshold
- December 3, 2018: [Cloned] Effective Date: Consumer Leasing (Regulation M)
- February 10, 2019: Effective Date: Expanded Examination Cycle
- April 9, 2019: Effective Date: Implementation and Transition of the Current Expected Credit Losses Methodology
- April 9, 2019: Effective Date: Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks
- December 3, 2018: Effective Date: EGRRCPA, SEC. 302. PROTECTING VETERANS’ CREDIT
- April 9, 2019: Effective Date: Private Flood Insurance Final Rule
- June 5, 2019: Effective Date: Final rule to implement a new section of the Home Owners’ Loan Act
- June 5, 2019: Effective Date: Liquidity Coverage Ratio Rule
- June 28, 2019: Effective Date: Reduced Reporting for Covered Depository Institutions
- August 6, 2019: Effective Date: Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests In, and Relationships With, Hedge Funds and Private Equity Funds
- August 6, 2019: Effective Date: Joint Ownership Deposit Accounts
- July 15, 2019: Effective Date: Availability of Funds and Collection of Checks (Regulation CC)
- October 8, 2018: Effective Date: NACHA Faster Funds Availability Rule
- July 15, 2019: Effective Date: Regulatory Capital Simplification Final Rule
- November 8, 2019: Effective Date: Increased Threshold for Residential Appraisal Exemptions
- August 30, 2019: Effective Date: FHFA Issues Final Rule Regarding Credit Score Models
- November 22, 2019: Effective Date: USDA Establishment of a Domestic Hemp Production Program
- December 3, 2018: Effective Date: EGRRCPA, SEC. 106. ELIMINATING BARRIERS TO JOBS FOR LOAN ORIGINATORS
- October 8, 2019: Effective Date: Amendments to the Stress Testing Rule for National Banks and Federal Savings Associations
- November 22, 2019: Effective Date: Screening and Training Requirements for Mortgage Loan Originators with Temporary Authority
- January 21, 2020: Effective Date: Temporary Reg. O relief for certain extensions of credit to fund complex-controlled portfolio companies
- January 31, 2020: Effective Date: Real Estate Appraisals Final Rule
- January 6, 2020: Effective Date: Truth in Lending Act (Regulation Z) Adjustment To Asset-Size Exemption Threshold
- August 19, 2019: Effective Date: CFPB Issues Final Rule Adjusting the Annual Thresholds under Reg Z for 2020
- October 8, 2019: Effective Date: Department of Labor Final Rule to Update Overtime Compensation Regulations
- January 6, 2020: Effective Date: Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
- January 21, 2020: Effective Date: OCC Issues Notice of Civil Money Penalties Adjustment
- February 7, 2020: Effective Date: Agencies Release Final Rule to Increase Asset-Size Thresholds for CRA
- February 7, 2020: Effective Date: FRB Asset Threshold Adjustment in Regulation I
- October 8, 2018: Effective Date: NACHA Increase in the Per-Transaction Dollar Limit
- April 24, 2020: Applicability Date: Regulation D Reserve Requirements of Depository Institutions
- March 31, 2020: Effective Date: Interim Final Rule and Request for Comment to Revise CECL Implementation
- April 1, 2020: Effective Date: Regulatory Capital Treatment for HVCRE Exposures
- June 26, 2020: Applicability Date: FDIC Final Rule Regarding Mitigating the Deposit Insurance Assessment for Participating in PPP, PPPLF, and MMMFLF
- July 15, 2019: Effective Date: Regulatory Capital Simplification Final Rule (April 1, 2020)
- April 14, 2020: Effective Date: Federal Reserve Issues Interim Final Rule to Allow Revise Total Leverage Coverage
- April 15, 2020: Effective Date: PPP Interim Final Rule #1
- April 15, 2020: Effective Date: PPP Interim Final Rule #2
- April 17, 2020: Effective Date: Interim Final Rule and Request for Comment to Suspend Certain Appraisal and Evaluation Requirements
- April 22, 2020: FRB Interim Final Rule Regarding Reg O and PPP Loans
- April 23, 2020: Effective Date: Agencies Issue Interim Final Rule and Request for Comment to Regarding a Graduated Transition to Community Bank Leverage Ratio Framework
- April 23, 2020: Effective Date: Interim Final Rule and Request for Comment to Revise Community Bank Leverage Ratio Framework
- April 28, 2020: Effective Date: Regulation D Amendments
- April 27, 2020: Effective Date: CFPB Interpretive Rule Regarding Stimulus Checks and the Regulation E Compulsory Use Prohibition
- May 4, 2020: Effective Date: CFPB Interpretative Rule Regarding TRID and Right of Rescission
- May 6, 2020: Effective Date: Modification to the LCR Rule
- May 20, 2020: Effective Date: DOL Section 7(i) Exemption Final Rule
- May 12, 2020: Interim Final Rule: Deadline for Submission of the Initial SBA Form 1502
- June 5, 2020: Effective Date: PPP Flexibility Act
- April 23, 2020: Comment Period: Agencies Issue Interim Final Rule and Request for Comment to Regarding a Graduated Transition to Community Bank Leverage Ratio Framework
- June 26, 2020: Effective Date: Determining “Underserved” Areas Using HMDA Data
- June 26, 2020: Effective Date: FDIC Final Rule Regarding Mitigating the Deposit Insurance Assessment for Participating in PPP, PPPLF, and MMMFLF
- June 30, 2020: Last day for lenders to obtain an SBA loan number for PPP loans!
- June 30, 2020: Effective Date: Treatment of Certain COVID-19 Related Loss Mitigation Options Under RESPA
- May 12, 2020: Effective Date: CFPB Final Rule Regarding HMDA Thresholds
- July 15, 2019: Effective Date: Availability of Funds and Collection of Checks (Regulation CC) (July 1)
- July 6, 2020: Effective Date: S.4116 Extending the PPP to August 8, 2020
- July 1, 2020: Extended: IRA Contribution Deadline for 2019
- July 16, 2020: Effective Date: Reg. O Interim Final Rule to extend PPP exception to August 8, 2020
- July 20, 2020: Effective Date: Reg. E Remittance Transfer Rule 2020 Amendments
- August 13, 2020: Effective Date: OCC Interim Final Rule Regarding Collective Investment Funds
- June 30, 2020: Comment Period: Treatment of Certain COVID-19 Related Loss Mitigation Options Under RESPA
- July 23, 2020: Effective Date: Federal Interest Rate Authority
- June 25, 2020: Effective Date: FHFA amendments to FHLB Housing Goals regulation
- September 3, 2020: Effective Date: Small Business Administration Issues Interim Final Rule Regarding Paycheck Protection Program Nonpayroll Costs
- September 3, 2020: Effective Date: Small Business Administration Issues Interim Final Rule Regarding Paycheck Protection Program Loan Appeals
- September 18, 2020: Effective Date: Truth in Lending (Regulation Z) Annual Threshold Adjustments 2021
- May 20, 2020: Effective Date: OCC CRA Final Rule September 30, 2020
- May 20, 2020: Effective Date: OCC CRA Final Rule October 1, 2020
- August 1, 2020: Effective Date: Final Rule to Amend Volcker Rule
- September 4, 2020: Effective Date: Regulatory Capital Rule: Temporary Changes to and Transition for the Community Bank Leverage Ratio Framework
- July 23, 2020: Effective Date: Payday, Vehicle Title, and Certain High-Cost Installment Loans
- November 17, 2020: Effective Date: FDIC Issues Final Rule
- November 17, 2020: Effective Date: The OCC, Board, and FDIC (collectively, the agencies) issues Final Fule
- July 20, 2020: Effective Date: Truth in Lending (Reg. Z) Annual Threshold Adjustments
- September 4, 2020: Effective Date: Federal Reserve Issues Interim Final Rule to Allow Banks to Revise the Retained Income Defintion
- February 23, 2021: Effective Date: Final Margin Rule
- February 9, 2021: Effective Date: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Seasoned QM Loan Definition
- February 9, 2021: Effective Date: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): General QM Loan Definition
- February 22, 2021: Effective Date: FDIC Issues Final Rules to Rescind and Remove Transferred OTS Regulations.
- February 22, 2021: Effective Date: Removal of Transferred OTS Regulations Regarding Certain Subordinate Organizations of State Savings Associations
- February 22, 2021: Effective Date: Removal of Transferred Office of Thrift Supervision (OTS) Regulations Regarding Nondiscrimination Requirements
- February 22, 2021: Effective Date: Removal of Transferred OTS Regulations Regarding Prompt Corrective Action Directives and Conforming Amendments to Other Regulations
- February 18, 2021: Effective Date: FRB Finalizes Regulation D Reserve Requirements
- February 23, 2021: Effective Date: Position Limits for Derivatives
- February 22, 2021: Effective Date: Disclosure of Payments by Resource Extraction Issuers
- October 8, 2018: Effective Date: NACHA New Same Day ACH Processing Window with Expanded Hours
- January 6, 2020: Effective Date: FRB Approves Changes to Federal Reserve Banks’ Payment Services to Facilitate Same Day ACH Processing at a Later Date
- February 9, 2021: Effective Date: Fair Access to Financial Services
- February 9, 2021: Effective Date: Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions
- February 9, 2021: Effective Date: Activities and Operations of National Banks and Federal Savings Associations
- February 9, 2021: Effective Date: Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies,
- February 23, 2021: Effective Date: Exemption from Definition of “Clearing Agency” for Certain Activities of Security-Based Swap Dealers and Security-Based Swap Execution Facilities
- February 18, 2021: Effective Date: Final Rule to Tailor Requirements in Capital Plan Rule
- May 26, 2021: Effective Date: Consolidated Reports of Condition and Income Changes June 30, 2021
- November 3, 2020: Effective Date: Final Rule on Net Stable Funding Ratio
- May 26, 2021: Effective Date: Consolidated Reports of Condition and Income Changes September 30, 2021
- November 4, 2021: Effective Date: Joint Statement on Managing the LIBOR Transition
- November 8, 2021: Effective Date: OSHA Emergency Temporary Standard
- February 18, 2021: Effective Date: Final Rule to Revise Regulation F
- May 12, 2020: Effective Date: CFPB Final Rule Regarding HMDA Thresholds
- November 8, 2021: Effective Date: Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages)
- March 24, 2022: Effective Date: OFAC Final Rule on Chinese Military-Industrial Complex Sanctions
- March 23, 2022: Effective Date: Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B
- March 23, 2022: Mandatory Compliance: Russian Harmful Foreign Activities Sanctions Regulations
- March 23, 2022: Mandatory Compliance: Servicer Responsibilities in Public Service Loan Forgiveness Communications
- November 22, 2021: Effective Date: Computer-Security Incident Notification Requirements
- March 24, 2022: Effective Date: Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers
- March 23, 2022: Effective Date: FOMC formally adopts comprehensive new rules for investment and trading activity
- March 24, 2022: Effective Date: NACHA Rule on Micro-Entries
- May 20, 2020: Effective Date: OCC CRA Final Rule January 1, 2023
- March 24, 2022: Effective Date: NACHA Rule on Micro-Entries Phase 2
- May 20, 2020: Effective Date: OCC CRA Final Rule January 1, 2024
- March 24, 2022: Effective Date: FDIC Final Rule Regarding Deposit Insurance Simplification