📑OCC Seeks Comments on CRA-Related Information Collection Renewal
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Disclosure and Reporting of CRA-Related Agreements
Summary
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Disclosure and Reporting of CRA-Related Agreements." The OCC also is giving notice that it has sent the collection to OMB for review.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$ - Med
The OCC’s notice regarding the renewal of information collection for CRA-related agreements imposes compliance requirements on businesses, particularly national banks and federal savings associations. This affects their operational burden and reporting obligations under the Community Reinvestment Act.