If the Community Reinvestment Act (CRA) were a person, we may be inclined to agree with Congressman Week’s assessment that CRA is experiencing a midlife crisis… but it’s not. It’s old and outdated and needs to be rejuvenated.
Nationwide Bank was chartered in 1998 and added to our rate pages ten years ago (JRN 25:28). Over the years it has frequently been listed on our Top Rates chart. But no more.
Fewer than 4% of the nation’s banks were unprofitable in the quarter—that’s the lowest level since the first quarter of 1996—22 years ago.
Credit Union Ratings coming soon.