ABA offers recommendations for ‘simplified’ CRA planning option for community banks
By ABA Banking Journal Staff
AI Summary
• The article discusses the OCC's proposal to make Community Reinvestment Act strategic plans more accessible for community banks.
• ABA recommends a 'simplified' CRA planning option that could help community banks pursue fintech partnerships and niche lending strategies.
Texas Relevance
The article does not explicitly mention Texas, TCUD, or any Texas-specific entities. The content is broadly relevant to community banks but does not have a specific impact on Texas credit unions.
Original Content
An OCC proposal to make Community Reinvestment Act strategic plans more accessible for community banks is increasingly important as the institutions pursue fintech partnerships and niche lending strategies that often do not align neatly with the traditional CRA framework, ABA said. The post ABA offers recommendations for ‘simplified’ CRA planning option for community banks appeared first on ABA Banking Journal .