The CRA is only enforced in connection with banks' merger and expansion
applications. How do you know when a bank has an application pending with a banking
regulators? In the age of the Internet, this has become easier to find out since each
federal regulator now posts their list of pending (or just-filed) applications on their
Web sites. Needless to say some regulators do a better job than others and none of them are perfect. The Federal Reserve keeps old applications on the list, making it hard to search for the most recently filed applications. Its main application page is updated every Friday; the midweek updates can be reached from the same page. The OTS had a Significant Applications page which was helpful, even though some "significant applications" weren't on the list. You now have to go through the regular applications page. The biggest flaw of the OCC application page is that you have to search state by state. With the mega-bank holding companies, it's not always clear which of their national banks (which can be headquartered in various states) is the formal applicant. The FDIC's application page is the newest.They lagged behind the other agencies in making applications available electronically. Hopefully they've learned from the other's mistakes. Most state bank regulators don't have a weekly bulletin of application on the Internet, and that's a shame... However, you can get to the web pages of state banking regulators by clicking the state button on their page. |
|
How to Contact Us Site Map Search This Site Inner City Press' Community Reinvestment Reporter Global Inner Cities Inner City Reporter Bank Beat Inner City Poetry Community Reinvestment Environmental Justice Insurance Redlining In the Bronx FCC/Telecommunications About Inner City Press Inner City Arts&Culture Inner City Housing ICP's Freedom of Information Guide Links/Resources Frequently Asked Questions The Inner City Reporter's Federal Reserve Beat Privacy Policy For the Media Inner City Public Interest Law CenterWhat's New on Site
Copyright 1999-2004 Inner City Press/Community on the Move, Inc.. All rights reserved. For further information, or to request reprint or other permission, contact: Permissions Coordinator, Legal Administration, Inner City Press, P.O. Box 580188, Mount Carmel Station, Bronx, NY 10458. Phone: (718) 716-3540. Fax: (718) 716-3161. E-mail: WebStaff [at] innercitypress.org