The OCC has issued a bulletin reminding banks of guidelines for requesting designation as a wholesale or limited purpose bank for Community Reinvestment Act, or requesting confirmation of its exemption status under CRA regulation. The bulletin includes information that the bank should provide to the OCC to substantiate its request, instructions on submitting requests and an overview of the OCC’s review and approval process. Read more.
The agency also issued a bulletin informing banks about the current guidelines for requesting approval to be evaluate under the CRA using the strategic plan option, as well as requesting approval to amend an approved strategic plan. Read more.