Capital Briefs: New Service Offers CRA Compliance Tips

A Texas information services company is giving banks a peek at how their peers are handling Community Reinvestment Act compliance.

The CRA/Fair Lending Compliance Service has been released by Austin, Tex.-based Sheshunoff Information Services Inc.

The product provides checklists, sample policies, and quizzes to help with CRA compliance. It also includes actual CRA exam reports, analyzed by Sheshunoff, with hints to avoid problems other banks have experienced. Analysis of Justice Department decisions and other events related to CRA and fair-lending compliance are included in periodic updates.

The service costs $325 yearly, including all updates. Call 800-456-2340 for more information.

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