FDIC Will Deploy New Banker Engagement Site to Promote Smooth Exchange of Information With Examiners
The Federal Deposit Insurance Corporation will launch a new portal to provide a more efficient means for bank personnel to respond to information and document requests during the consumer and Community Reinvestment Act (“CRA”) compliance examination process. The site will also be the primary vehicle for banks to submit questions and comments to the examination team. The new Banker Engagement Site, which will run on the FDICconnect system, will not be used for other examinations such as safety and soundness. In addition, the site will not be used for consumer and CRA exams already underway when the new portal is officially opened.
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