The national bank regulator plans to conduct reviews of 138 banking institutions’ performance under the Community Reinvestment Act (CRA) during the third and fourth quarters of 2024, according to the evaluation schedule released Thursday.
The Office of the Comptroller of the Currency (OCC) said it encouraged public comment on the banks’ CRA-related activities. The schedule released Thursday gives months the institutions are coming due for evaluations.
“Public comments should be submitted to the banks themselves at the mailing addresses listed on the schedule or to the appropriate OCC supervisory office before the month in which the evaluation is scheduled. The OCC will consider all public comments received before the close of the CRA evaluation,” it said.
The OCC says the anti-redlining CRA, enacted in 1977, encourages certain insured depository institutions to help meet the credit needs of the communities in which they are chartered, including low- and moderate-income (LMI) neighborhoods, consistent with the safe and sound operation of such institutions.”
OCC Issues Third and Fourth Quarter 2024 CRA Evaluation Schedule