In testimony before the House Financial Services Committee, OCC Comptroller Joseph M. Otting defended proposed amendments to the Community Reinvestment Act designed to encourage banks to provide more qualified lending, investment and services.
The OCC and the FDIC proposed amendments to the regulations implementing the Community Reinvestment Act to encourage banks to provide more qualified lending, investment and financial services to underserved communities.
The Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC adopted their annual adjustments to the asset-size thresholds used to define "small bank," "small savings association," "intermediate small bank" and "intermediate small savings association" under the Community Reinvestment Act.
Comptroller of the Currency Thomas J. Curry delivered remarks before the 2015 State Small Credit Initiative Conference. He spoke about how the Community Reinvestment Act can help to encourage small business lending. See: Comptroller Curry's Remarks .
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