Interagency Q&A .12(g)(4) – 1: Is the definition of “community development” applicable to all institutions?

Compliance > Regulation BB - CRA
Q:  § __.12(g)(4) – 1: Is the definition of “community development” applicable to all institutions?
 
A:  The definition of “community development” is applicable to all institutions, regardless of a particular institution’s size or the performance criteria under which it is evaluated.
 
 
 
This Interagency Q&A, and others, was released in July 2016.  The 2016 Q&As consolidates and supersedes all previously published “Interagency Questions and Answers Regarding Community Reinvestment,” and were noted as being effective immediately.  They may be found here:  http://www.ffiec.gov/cra/qnadoc.htm
 

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