Interagency Q&A .27(g)(2) – 1: How will the public receive notice of a proposed strategic plan?

Compliance > Regulation BB - CRA
Q:  § __.27(g)(2) – 1: How will the public receive notice of a proposed strategic plan?
 
A:  An institution submitting a strategic plan for approval by the Agencies is required to solicit public comment on the plan for a period of 30 days after publishing notice of the plan at least once in a newspaper of general circulation.  The notice should be sufficiently prominent to attract public attention and should make clear that public comment is desired.  An institution may, in addition, provide notice to the public in any other manner it chooses.
 
 
 
This Interagency Q&A, and others, was released in July 2016.  The 2016 Q&As consolidates and supersedes all previously published “Interagency Questions and Answers Regarding Community Reinvestment,” and were noted as being effective immediately.  They may be found here:  http://www.ffiec.gov/cra/qnadoc.htm
 
 

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