The period to comment on proposed changes to the Community Reinvestment Act (CRA) has been extended 30 days. The new deadline for comments is April 8.
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) announced the extension in February.
The move comes after the agencies originally provided just 60 days for comments after releasing their proposal in January. The plan has raised concerns among members of the affordable housing industry who fear it will cut bank investment in the low-income housing tax credit.
Here is a link to the proposal in the Federal Register.
