Joint Release
Board of Governors of the Federal Reserve
System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For immediate release November 20, 2017
Media Contacts:
Federal Reserve Board Susan Stawick 202-452-2955
FDIC Greg Hernandez 202-898-6984
OCC William Grassano 202-649-6870
FDIC: PR-86-2017
Last Updated 11/20/2017 communications@fdic.gov
Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and
Remove References to the Neighborhood Stabilization Program
WASHINGTON — The federal bank regulatory agencies have amended their respective Community
Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial
Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act
(HMDA).
Since 1995, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance
Corporation, and the Office of the Comptroller of the Currency have conformed certain definitions in their
respective CRA regulations to the scope of loans reported under Regulation C and believe that continuing
to do so produces a less burdensome CRA performance evaluation process. In particular, the agencies
have amended their CRA regulations to revise the definitions of "home mortgage loan" and "consumer
loan," as well as the public file content requirements. These revisions maintain consistency between the
CRA regulations and amendments to Regulation C, which generally become effective on January 1,
2018.
In addition, the final rule contains technical corrections and removes obsolete references to the
Neighborhood Stabilization Program.
The amendments to the CRA regulations also will become effective on January 1, 2018.
# # #
Attachment:
Community Reinvestment Act Regulations
Board of Governors of the Federal Reserve
System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
For immediate release November 20, 2017
Media Contacts:
Federal Reserve Board Susan Stawick 202-452-2955
FDIC Greg Hernandez 202-898-6984
OCC William Grassano 202-649-6870
FDIC: PR-86-2017
Last Updated 11/20/2017 communications@fdic.gov
Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and
Remove References to the Neighborhood Stabilization Program
WASHINGTON — The federal bank regulatory agencies have amended their respective Community
Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial
Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act
(HMDA).
Since 1995, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance
Corporation, and the Office of the Comptroller of the Currency have conformed certain definitions in their
respective CRA regulations to the scope of loans reported under Regulation C and believe that continuing
to do so produces a less burdensome CRA performance evaluation process. In particular, the agencies
have amended their CRA regulations to revise the definitions of "home mortgage loan" and "consumer
loan," as well as the public file content requirements. These revisions maintain consistency between the
CRA regulations and amendments to Regulation C, which generally become effective on January 1,
2018.
In addition, the final rule contains technical corrections and removes obsolete references to the
Neighborhood Stabilization Program.
The amendments to the CRA regulations also will become effective on January 1, 2018.
# # #
Attachment:
Community Reinvestment Act Regulations