Art Carney

January's FDIC Community Reinvestment Action Examinations Show Healthy Lending

The CRA notices from the FDIC do not mean what you think they do. All they do is acknowledge banks that are lending to all their local markets, not just the "rich" areas. Further, it acknowledges these banks are not taking advantage of their customers. So, to distill some information about lending or the quality of the loan portfolio is a joke.