As a result of the changes to the Community
Reinvestment Act (CRA) regulations in 2005,
subsequent changes to the Interagency Q&As to
reflect those regulatory changes, and the need to
revise certain Interagency Q&As issued in 2001, the
federal banking and thrift regulatory agencies have
developed the attached new and revised Interagency
Q&As and are seeking public comment on them.
- Some of the revisions are intended to encourage institutions to work with homeowners who are unable to make mortgage payments, noting that institutions can receive CRA consideration for foreclosure prevention programs for low- and moderate-income homeowners, consistent with the interagency Statement on Working with Mortgage Borrowers issued on April 17, 2007.
- The revisions clarify that institutions of all sizes should receive favorable consideration for providing credit in a manner that is responsive to the needs of their communities. Such activities include, for example, offering affordable small loan programs.
- There are nine new Interagency Q&As as well as substantive and technical revisions to existing ones.
FDIC-Supervised Banks (Commercial and Savings)
CRA Officers, Compliance Officers, and
Chief Executive Officers
12 CFR Part 345
Interagency Statement on Working With Mortgage Borrowers
Proposed Interagency Questions and Answers Regarding Community Reinvestment - (PDF Help)
Faye Murphy, Fair Lending Specialist, Compliance
Policy and Examination Support, firstname.lastname@example.org
or (202) 898-6613; or
Mira Marshall, Acting Chief, CRA and Fair Lending
Section, email@example.com or (202) 898-3912
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
To receive FILs electronically, please visit
Paper copies of FDIC financial institution letters may
be obtained through the FDIC's Public Information
Center, 3501 Fairfax Drive, E-1002, Arlington, VA
22226 (1-877-275-3342 or 703-562-2200).