August CRA Evaluations: 11 Outstanding, 20 Satisfactory
The Office of the Comptroller of the Currency (OCC) today released a list of 31 Community Reinvestment Act (CRA) performance evaluations that became public in August. Eleven evaluations were outstanding and 20 were satisfactory. The list includes national banks, federal savings associations and insured branches of foreign banks.
Changes proposed to the CRA and their possible impact on community development tax incentives will be a topic at this fall’s Novogradac conferences.