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What types of activities have the Banking Department found to be eligible for CRA credit?

April 26, 2017activities Banking CRA credit Department eligible types

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What types of activities have the Banking Department found to be eligible for CRA credit?

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The Banking Department has received numerous inquiries from banking institutions and community development organizations, regarding the applicability of CRA to a bank’s support for one or another type of organization, program or activity. Here is a link to a brief summary of issues and opinions regarding CRA eligibility.