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Home » Store » News » Banking Regulators Start Comprehensive Review of CRA Performance Regulation

Banking Regulators Start Comprehensive Review of CRA Performance Regulation

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Federal financial regulators are beginning the long, and likely controversial, process of reviewing how well their 1995 implementation of Community Reinvestment Act performance measures is working. The FDIC this week became the first agency to issue an advance notice of proposed rulemaking by launching a top-to-bottom review of CRA rules. When the regulators issued the performance-based evaluation requirements six years ago, they agreed to review the regulations in 2002 to determine their effectiveness.
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