Responsible Banking Ordinances

Background on Local Responsible Banking Ordinances

Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services for modest-income and minority neighborhoods. The ordinances require an evaluation of financial institution performance in serving modest-income and minority neighborhoods as part of the criteria for deciding which institutions receive municipal deposits and other city business.

For more information contact NCRC’s membership department

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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