How can my organization participate in the CRA exam process to benefit my community and clients?
A. Comments made by community stakeholders (including non-profits, local government agencies and individuals) that highlight strengths or weaknesses in a bank’s performance with regard to lending, investments or services that benefit underserved groups can have a strong influence on a bank’s CRA rating, as well as on the ongoing actions a bank takes to promote housing, financial and economic opportunity in low- and moderate- income communities. You can submit comments on a bank’s community reinvestment performance at any time. If a bank is not undergoing a CRA exam at the time you submit your comments, simply instruct the bank and its federal regulator to place your CRA comments in the bank’s public file. The next time a CRA exam occurs, the federal examiner is required to look at comments in the public file and the bank is required to report how it responded to any concerns raised. NCRC can provide guidance and data analysis to help you develop your comments on a bank’s CRA record. Co
