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OCC and FDIC move to narrow CRA scope with rule proposal

Proposed changes would be the first major tweaks to how credit is assessed under the law since 1995.

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Alexander Barzacanos

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Photo: Kevin Carter/Getty Images
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The OCC and FDIC have issued a rule proposal that would narrow the conditions under which banks can receive Community Reinvestment Act (CRA) credit.

Alongside new limits on how grants can generate CRA credit for banks, the proposal would also shift retail service analysis towards lending and substantially raise the

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