On November 20, 2017, the US Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the US Federal Deposit Insurance Corporation announced changes to their respective regulations under the Community Reinvestment Act. The amendments consist of modifications to the definitions of "home mortgage loan," and "consumer loan," to conform to the related amendments made by the Consumer Financial Protection Bureau as part of its implementation of the Home Mortgage Disclosure Act in its Regulation C. The amendments make other conforming changes, including removal of reference to the Neighborhood Stabilization Program, and changes to the public file content requirements of these agencies. These amendments were the subject of a joint notice of proposed rulemaking, published on September 20, 2017, and the Agencies finalized them as proposed. The changes take effect on January 1, 2018.
The interagency final rule is available at: https://www.occ.treas.gov/news-issuances/news-releases/2017/nr-ia-2017137a.pdf .
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