60 minute watch | June.08.2021
Efforts to modernize the CRA began in 2010 and finally seemed to gel last year when the OCC and FDIC jointly proposed new rules. But hopes for closure were short-lived as the FDIC ultimately abandoned the effort and the OCC recently announced the ditching of most of its 2020 rules. Meanwhile, the Fed is evaluating industry and advocate responses to 99 questions it posed on CRA modernization that may form the basis for uniform regulation.
Orrick attorney Warren Traiger discussed the current state of modernization, including a survey of comments received by the Fed on key issues, prospects for modernization by the three federal regulators, and challenges in conducting a CRA program when the current rules are on the verge of being changed.
Webinar filmed prior to the combination of Buckley and Orrick in 2023.
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