The Federal Deposit Insurance Corporation (FDIC) issued a list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA), disclosing the evaluation ratings assigned in November 2024. The CRA requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The release reiterates that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 mandates public disclosure of a CRA evaluation and rating for each bank or thrift examined on or after July 1, 1990, and notes that both a consolidated historical list and individual bank evaluations are available through the banks and the FDIC’s Public Information Center.
Federal Deposit Insurance Corporation 2025-02-04
Federal Deposit Insurance Corporation releases Community Reinvestment Act ratings for recently examined state nonmember banks
The Federal Deposit Insurance Corporation (FDIC) released a list of state nonmember banks evaluated for Community Reinvestment Act (CRA) compliance, including ratings from November 2024. The CRA mandates assessments of banks' efforts to meet community credit needs, with results publicly disclosed as required by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.