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Article: New rules change officers' jobs. (compliance officers under Community Reinvestment Act)(Brief Article)
- Article from:
- American Banker
- Article date:
- May 4, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The test of new Community Reinvestment Act rules will be how well bank examiners apply them.
To that end, representatives of the four bank and thrift regulators met Tuesday to design new CRA exams and develop a training schedule for
examiners.
The bottom line for the 22 months spent reforming Community Reinvestment Act enforcement will be how well bank examiners apply the new rules.
Representatives of the four bank and thrift regulators met Tuesday to design new CRA exams and develop a training schedule.
While the rules had just been adopted April 19, regulators were hardly starting from scratch. In fact, draft guidelines already exist - ...