Regulators Update List of CRA-Eligible Communities

Regulators revealed on Friday this year's list of communities where banks can receive credit under the Community Reinvestment Act for working in those areas.

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The communities on the list are considered distressed or underserved nonmetropolitan middle-income geographies. The areas are designated by the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. following regulations for the Community Reinvestment Act.

The designations reflect local economic conditions, such as unemployment, poverty and population changes.

The criteria for the designations and current and past lists can be found on the website for Federal Financial Institutions Examination Council.


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