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Community Reinvestment Act Regulations Revisions

The OCC, Board, FDIC, and OTS have issued a joint final rule revising the Community Reinvestment Act (CRA) regulations. The revisions expand the definition of 'community development' to include activities supporting the Neighborhood Stabilization Program (NSP), providing favorable CRA consideration for such activities that benefit low-, moderate-, and middle-income individuals and geographies.

OTS Proposed Rule on Basel II Capital Standards

The Office of Thrift Supervision (OTS) has proposed amendments to its advanced risk-based capital adequacy standards to align with the Dodd-Frank Act. The proposal also seeks to provide limited flexibility in general risk-based capital rules for certain assets not typically held by depository institutions.