CRA Deal Between Fed, FDIC and OCC Still Not a Slam Dunk

WASHINGTON — Federal bank regulators have their best chance in years to ink common reforms of the Community Reinvestment Act after committing to interagency talks. But resuming negotiations and reaching a deal are two different things, observers warn.

Experts say the formal decision by the Office of the Comptroller of the Currency to rescind its Trump-era CRA rule and rejoin discussions with the other regulators was very encouraging. But several outstanding issues remain before the OCC, Federal Reserve and Federal Deposit Insurance Corp. can develop an interagency CRA plan that has eluded them for years.