Change Sought to Raise Bar on CRA Streamlined Exams
April 1, 2002
Community bankers are strongly urging the Federal Reserve Board to increase the size of banks eligible for streamlined examinations under the Community Reinvestment Act, from $250 million or less in assets to $2 billion or less. The Independent Community Bankers of America said that while CRA exams for small banks have been successful, they should be adjusted to reflect the changes in the banking industry since the exams were first conducted in 1995.