The OCC will propose rescinding a 2020 rulemaking that amended regulation implementing the Community Reinvestment Act for national banks.
News & Insights
The Office of the Comptroller of the Currency, the FDIC and the Board of Governors of the Federal Reserve System adopted a new rule that will increase the commercial real estate appraisal threshold from $250,000 to $500,000.
The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency issued a final rule and interpretation increasing the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans from $25,500 to $26,000.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC adopted amendments to the Community Reinvestment Act regulations in response to recent changes to Regulation C.
The Consumer Financial Protection Bureau, the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2016 will remain at $25,500.