Bank Regulation Alert: Changes in CRA Notices
6/2/2017 - By Stephen Helms-MacBeth, CRCM, CAFP
Effective January 18, 2017 - The FDIC changed their CRA Notice model language (main office and all branch locations). If your primary regulator is the FDIC, please be sure to update your CRA lobby notices as soon as possible. Keep in mind these two things.
- You need to inform about the website to submit comments electronically: “You may also submit comments electronically through the FDIC’s main web site."
- All references to the "FDIC Manager" should be replaced with "FDIC Regional Director." This is in several locations on the CRA Notice.
The model form can be located at Appendix B Part 345 at the following link: FDIC's Appendix B Part 345
About the Author | Stephen MacBeth, CRCM, CAFP
Stephen is a manager in the Financial Institutions Advisory Group at Saltmarsh, Cleaveland & Gund. He has been working in the financial institutions industry since 1992, concentrating primarily on compliance, operations and policies and procedures.
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