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CRA assessment areas changing

Answered by: 

Question: 
How might national banks assessment areas be impacted by the new CRA rules?
Answer: 

The bank’s assessment area will be more influenced by deposits and require inclusion of areas where deposits are sourced from. The effect is that low- and moderate-income areas will likely benefit from an increase in services available based on the deposits and this will translate into more loans being generated in those areas.

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First published on 08/23/2020

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