Community Reinvestment Act: Simplified Strategic Plan Process for Community Banks
Summary
This proposed rule would make it easier for smaller community banks to show they're lending money and providing services to their local neighborhoods, which is required by federal law. The simplified process would reduce paperwork and costs for community banks while still ensuring they serve all parts of their communities fairly.
Key Points
- 1Community banks would be able to use a shorter, simpler strategic plan to demonstrate they're meeting community lending requirements instead of the current complex process
- 2The rule specifically targets smaller banks, reducing their regulatory burden while maintaining oversight to prevent discrimination in lending
- 3Banks would still need to show they're serving low and moderate-income neighborhoods and all parts of their communities, just with less documentation
- 4The public can submit comments on this proposed rule until February 21, 2026, before the Office of the Comptroller of the Currency makes it final
- 5This change could help smaller banks compete more effectively while freeing up resources they currently spend on compliance paperwork
Key Dates
December 22, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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