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OCC BULLETIN 2018-23
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

Summary

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.

Rescissions

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.

Further Information

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

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