The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2016. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990.
A consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, can be obtained at www.fdic.gov or from the FDIC’s Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).
A copy of an individual bank’s CRA evaluation is available directly from the bank, which is required by law to make the material available upon request, or from the FDIC’s Public Information Center.
Your email address will not be published. Required fields are marked *
Third International Yoga Day, organized by Consulate General of India in Chicago, attracted thousands of Indian-Americans and people belonging to other Nationalities
Five Eye countries join Britain’s call to remove terror content online
Electronic Tax Administration Advisory Committee Issues 2017 Annual Report
JET AIRWAYS’ JETESCAPES HOLIDAYS ANNOUNCES ATTRACTIVE MONSOON GETAWAYS
Select a category
Play slots online with critic.net
2014 The Global Indian New Network (TGINN)