The latest update for reporting anti-redlining lending data is now available, the umbrella group for federal financial institution regulators said Thursday.
According to the Federal Financial Institutions Examination Council (FFIEC), release 2 for the version 2024 of the data entry software (DES) Community Reinvestment Act (CRA) for data due March 3, 2025, is now obtainable.
Each software version is year-specific (i.e. 2023 reporting requires 2023 CRA DES and not 2024 CRA DES), the council specified.
The software must be installed locally on a hard disk; it is not network-compatible, the FFIEC advised.
Leave a Reply