Over time, the body of the public portion of evaluations will provide guidance to the meaning of these hazy words. In the meantime standards will remain vague. This is not by accident. Despite considerable public clamor for clearer CRA rules, the agencies have elected to preserve examiner ...
On December 19, the Federal Reserve asked Everbank questions including "Explain whether EverBank’s office in New York is a “branch” within the meaning of 12 U.S.C. 1841(o)(3) and indicate whether loan proceeds are disbursed at that New York office. 3. The FR Y-3 notes: “followi...