CRA Post-Mortem: Three Lessons from Lemont

In August 2015, the OCC announced Community Reinvestment Act performance evaluations for 30 national banks and federal savings associations. Of those evaluations 5 were rated outstanding and 24 were found satisfactory; however, one bank was rated “substantial noncompliance." What can other banks learn from Lemont National Bank's missteps? [9/15/15]