Ots to Align Cra Regulations with Other Regulators
Bank News › Vol. 106 Nbr. 11, November 2006
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Summary
The Office of Thrift Supervision has announced a plan to align its Community Reinvestment Act regulations with those adopted by the other federal banking agencies in August 2005. The OTS is proposing to align its CRA regulations with those of the other federal banking agencies to best serve the interests of insured depository institutions and their communities by providing for consistency in regulation and compliance. In addition, the OTS notes that consistent standards for CRA public evaluations for all insured institutions would improve comparability in assessing the performance of all institutions in meeting the needs of their communities, including low- and moderate-income neighborhoods.
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Ots to Align Cra Regulations with Other Regulators
A plan to align its Community Reinvestment Act regulations with those adopted by the other federal ...
See the full content of this document
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