A bank has been criticized by an examiner for less than satisfactory CRA performance. The bank must show improvement in its commitment to CRA. For the examiner, what would be LEAST effective in demonstrating the change?
A) Informing the examiner that the bank does not plan to acquire or merge with another bank, so CRA is not a priority
B) Giving the examiner an updated CRA public file
C) Showing the examiner a list of community groups with which the bank has met in the past 24 months to discuss credit needs
D) Showing the examiner results of the bank's most recent geocoding analysis, indicating parity in the number of loans made in each census tract
Correct Answer:
Verified
Q354: Which of the following institutions is NOT
Q355: What are holders of unclaimed property required
Q356: The following statements make assertions about the
Q357: ABC National Bank, an independent bank with
Q358: In the small bank performance standard, which
Q360: What is the definition of a "small"
Q361: When must a bank make its mortgage
Q362: In a review of a bank's home
Q363: Which of the following loans would First
Q364: What information must be on the loan
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents