WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) has dropped a bombshell with its latest release: a comprehensive list of state nonmember banks that have undergone scrutiny for their compliance with the Community Reinvestment Act (CRA). This list, which spans evaluations conducted in February 2025, serves as a stark reminder of the FDIC’s vigilant oversight over financial institutions’ community impact.
The CRA, a 1977 law aimed at ensuring banks meet the credit needs of all communities, regardless of income levels, has been a cornerstone of FDIC regulations. The Act mandates that the public be informed of each bank or thrift’s compliance rating following a CRA examination since 1990, thanks to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
Available to the public is not only a consolidated list of all state nonmember banks evaluated since July 1, 1990, but also hard copies from the FDIC’s Public Information Center. Individual bank evaluations are accessible directly from the banks or through the FDIC.
This latest move by the FDIC underscores its commitment to transparency and accountability in the financial sector. The public disclosure of these ratings is a testament to the agency’s dedication to ensuring that banks operate with integrity and serve their communities effectively.
For those seeking detailed information, contact the FDIC directly at (202) 898-3876 or visit their Public Information Center at 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226. The latest list of banks examined for CRA compliance can be found in the May 2025 attachment.
Stay tuned as we delve deeper into the specifics of these evaluations and their implications for the financial industry.
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