The Community Reinvestment Act (CRA) was passed in 1977 to combat redlining and increase bank services in low-income communities. Despite progress, the legacy of redlining continues to affect ...
National Bank of Commerce (NBC) is proud to announce that it has received an “Outstanding” rating in its most recent ...
There’s a very big inconsistency in the Community Reinvestment Act. The current CRA rule was passed in 1995 and requires every FDIC insured bank to meet the credit needs of the communities they serve.
Three federal banking regulators announced their intent to issue a proposal that would rescind the Community Reinvestment Act (CRA) final rule issued in October 2023. “The agencies will continue to ...
WALLA WALLA, Wash.--(BUSINESS WIRE)-- The Banner Bank leadership team is pleased to share the Bank again earned an ‘Outstanding’ rating from the Federal Deposit Insurance Corporation (FDIC) in the ...
In light of ongoing litigation and the Trump administration’s new policy approach, federal banking agencies intend to rescind the 2023 CRA final rule and revert to pre-2023 standards. On March 28, ...
Evaluation recognizes overall superior performance in community lending, investment and service WHEELING, W.Va., May 2, 2023 /PRNewswire/ -- WesBanco, Inc. (WSBC), a diversified, multi-state bank ...
Federal regulators' move to rescind recently revisited Community Reinvestment Act rules marks a setback for community lenders and dims prospects for a durable overhaul to the way regulators think ...
The Federal Reserve and FDIC updated asset-size thresholds for CRA evaluations of banks, effective from January 1, 2026.