This is the only way that the banking industry can overcome today’s problems and also prepare for tomorrow’s challenges. The German banking industry has already taken decisive action in some areas. Many institutions carried out a thorough review of their business models after the crisis and have thus learned from their own mistakes.
In addition to assessing a large bank’s retail lending and community development activities in each facility-based assessment area, we also propose to evaluate whether banks have branches in low-income and moderate-income census tracts. In particular, the agencies propose providing positive qualitative consideration if banks operate branches located in Native Land Areas.