FDIC Issues CRA Examination Schedule for Third and Fourth Quarters of 2017 — 2017-05-31

The Federal Deposit Insurance Corporation (FDIC) has issued the list of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third and fourth quarters of 2017. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. To be more responsive and transparent to the public, the FDIC now will publish the next two quarters of upcoming CRA examinations. This will allow more time for interested parties to review and provide meaningful comments on a financial institution’s performance before a CRA examination. The Community Reinvestment Act is a 1977 law intended to encourage insured banks and thrifts to help meet the credit needs of the communities in which they are chartered to do business, including low- and moderate-income neighborhoods, consistent with safe and sound operations.