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A bank's most important CRA decision

Question: 
What is the most important CRA decision a bank makes?
Answer: 

By far the most important decision a bank can make is how it defines its Assessment Area. This is because all performance standards are driven by "performance context," which is directly and immediately affected by the delineation of an Assessment Area. Add a few tracts here, drop a few tracts there, and voila — the different demographics and market activity dictate different performance benchmarks.

Vendor: 

GeoDataVision combines the power of the nation’s top CRA and Fair Lending experts with the power of the most sophisticated mapping and data technologies available to provide financial institutions with a leg up when it comes to regulatory compliance. Being wrong is simply not an option, work with the best, work with GeoDataVision. Request a demo, check out our FREE resources, or talk to one of our experts at (203) 907-7497

First published on 10/02/2022

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