When it comes to the Community Reinvestment Act (CRA), many banks have been lulled into a sense of complacency, with the majority of banks passing the requirement in only the “satisfactory” bracket or below.
But the regulatory environment is evolving, and while the words of the CRA-statute have not changed, the expectations of the regulators are expanding faster than ever before.
Steve Bartlett, former CEO & president of the Financial Services Roundtable, has summarized these changes in the guide: “10 Big Ideas to Improve Your CRA Outcomes.”
Download EVERFI’s survey results and learn:
- Challenges and benefits of financial education
- What priorities your peers have
- How CRA officers implement financial education