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Tag Archives: CRA

Making CRA Work for the Communities

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The Office of the Comptroller of Currency is seeking comments on modernizing the regulations of the Community Reinvestment Act to help banks reach out more effectively to low- and middle-income communities.

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Wells Fargo Settles Suit, Receives CRA Score

Wells Fargo received its Community Reinvestment Act Rating (CRA), in which it received high scores, despite an overall score of "needs improvement." On the same day, the ban announced an agreement in principal to settle a class action lawsuit regarding claims that Wells Fargo opened accounts without the consent of its customers.

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