Agencies’ Adoption of New, Revised CRA Guide Expected to Boost CRA Performance Ratings of Covered Banks, Thrifts
July 16, 2001
Federal thrift and banking regulators have adopted revised guidelines that would broaden the range of community development activities that could boost an institution’s performance rating under the Community Reinvestment Act. Member agencies of the Federal Financial Institutions Examination Council announced the updated guidance in a July 12 notice published in the Federal Register (page 36620).