CRA Notice Changes for FDIC Banks

Here’s one that seemed to miss most everyone’s radar. On January 18, BSA Training and Banking Regulations Compliance Consulting dave11 - CRA Notice Changes for FDIC Banks2017, the FDIC changed the CRA Notice requirements. Specifically, FDIC regulated banks need to change the CRA Notice in both main and branch offices to include:

1) A website informing readers about submitting comments electronically

“You may also submit comments electronically through the FDIC’s Web site at www.fdic.gov/  regulations/cra”

AND

2) Refer to the FDIC contact as the “FDIC Director” instead of “FDIC Manager”.

If the FDIC is your primary regulator, you need to make these changes and post new notices ASAP. You can find the model wording in Appendix B to Part 345 (last page, center column).

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