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Keith Noreika Quoted in GBRR on Reconsideration of CRA
05.19.21
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Partner Keith Noreika was quoted in a Global Banking Regulation Review article titled, “Trump-era CRA ruling to be reconsidered under new acting comptroller.” The article discussed the Office for the Comptroller of the Currency’s (OCC) recent announcement that it will reconsider changes it announced last year to its implementation of the Community Reinvestment Act (CRA). Keith Noreika noted that this would be a great opportunity for the agencies jointly to update the CRA and that an update likely remains necessary amidst the rapid evolution of banking systems. “We’ve seen the various proposals and now is the ideal time, at the beginning of a new administration, for the agencies to come together to modernize.”
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