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Home » Store » News » Rift Between Agencies May Create Dual CRA Exams for Banks, Thrifts

Rift Between Agencies May Create Dual CRA Exams for Banks, Thrifts

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Federal banks and thrifts may face different sets of performance exams under the Community Reinvestment Act as their regulators last week moved farther apart on how to evaluate their community development activities. The Office of Thrift Supervision further distanced itself from federal banking regulators by issuing a final rule allowing thrifts with assets exceeding $1 billion to determine the mix of lending, investment and service they need to meet the credit needs of the…
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