I share this commitment to the CRA and to strengthening its role in community and economic development in the low- and moderate-income communities where it can make the greatest difference. Defining a Bank’s Community: Where Activities Count Banks and community organizations agree that the regulations should better reflect the way in which banking products and services are currently delivered.
Much has changed since the last major revision to the CRA regulations, which occurred at a time when physical branches were essential for all the deposit and lending needs of bank customers.