Why should community stakeholders meet regularly with banks to discuss CRA-related activities?
A. Community organizations and other stakeholders can approach banks, particularly those that receive poor CRA ratings, to suggest ways that they can improve their community reinvestment performance. The development of mutually beneficial relationships between banks and community stakeholders can result in better programs and services for the community, such as funding for housing counseling programs, new loan products for small businesses, more bank branches in underserved neighborhoods, investments in local community and economic development loan programs, financing for affordable mortgage products, and sound credit alternatives to predatory payday loans. To see if there are any specific issues you may want to discuss with a bank, you can check the results of that bank’s last CRA exam, or you can contact NCRC for an analysis of a bank’s CRA-related performance.
Related Questions
- Activities must meet the definition of research and involve human subjects as defined in DHHS regulations, or be research and involve human subjects as defined in FDA regulations to be subject to the IRBs jurisdiction. How do I know if my project meets the definition of human research?
- What if the number of children receiving treatment services at my operation fluctuates regularly so that sometimes I need to meet treatment standards and sometimes I don’t?
- Where do I find out what Courses, Regularly Scheduled Series (Conferences), and other activities are being offered?
