How Can Geographical Areas on CRA exams Work for Branchless banks?
Regulatory agencies should consider loans per thousand people to identify Community Reinvestment Act assessment areas for branchless banks.
assessment areas
Report: Bank regulators need to plug loopholes in Community Reinvestment Act exams
The NCRC study, based on government exams of the nation’s 50 biggest banks, found some banks get credit for investments outside of their assessment areas (AAs) even when those banks underinvested in the areas they are supposed to serve first. Meanwhile, other banks get little or no credit outside of assessment areas.
