April 16, 2018 9:33 am

By Cody Roberts, CRCM

On November 24, 2017, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the Agencies) amended their regulations implementing the Community Reinvestment Act (CRA). The Agencies modified the existing definitions of ‘‘home mortgage loan’’ and ‘‘consumer loan,’’ related cross references, and the public file content requirements to conform to recent revisions made by the Consumer Financial Protection Bureau (Bureau) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). This final rule also removed obsolete references to the Neighborhood Stabilization Program (NSP).

The pertinent regulations for this change are as follows:

Office of the Comptroller of the Currency – 12 CFR Parts 25 and 195

Federal Reserve System – 12 CFR 228

Federal Deposit Insurance Corporation – 12 CFR 345

In true bureaucratic fashion, not one but two revisions to this final rule have been made, one dated December 27, 2017 and the second dated April 10, 2018. Both are minor and are summarized as follows: “This document supplements and corrects the preamble of the final rule that was published in the Federal Register on November 24, 2017, entitled ‘‘Community Reinvestment Act Regulations.’’

Links to Federal Register Notices

November 24, 2017


Revisions for Error from November 2017 Final Rule (Revision 1 – December 27, 2017)


Revisions for Error from November 2017 Final Rule (Revision 2 – April 10, 2018)


Please feel free to contact us at American Banks Systems if you have any questions on this matter.