Product Description
This guide analyzes and offers insights into banking's most complex and important law, the newly revised Community Reinvestment Act. It contains the results of more than 1,500 actual exams under the CRA, summarized and organized by state, regulator, and bank. It also provides key compliance strategies for banks of all sizes, as well as special guidance for identifying potential CRA problems.
From the Back Cover
Advance Praise for The CRA Handbook. "Ken Thomas has leveled a well-documented indictment of a major weakness in the enforcement of the CRA - the tendency of federal regulators to act like runaway diploma mills in handing out passing CRA grades to 98 percent of the nation's banks. This book is a 'must read' for anyone concerned about the critical need to move bank credit into low and moderate income urban and rural neighborhoods." Ralph Nader, Consumer Advocate. "The CRA Handbook is a comprehensive analysis of the new CRA procdures and is a 'must read' reference work for anyone - banker, regulator, or consumer - who is interested in understanding the CRA process." William D. Powell, Chairman and CEP - Union Planters Bank of Alabama. "The CRA Handbook has no peer publication. It is the most comprehensive and accurate portrayal of the business of community reinvestment lending under CRA. This book is required reading for anyone serious about economic justice and moving private capital into poor neighborhoods." John E. Taylor, President and CEO / National Community REinvestment Coalition. "The CRA Handbook is a pratical and useful tool for community banks like ours in effectively dealing with the various constituencies of Community Reinvestment." David M. Geis, President & CEO / Jackson County Bank, Seymour, Indiana.
