Finding the right path to improve inclusive banking efforts while also supporting fair lending and Community Reinvestment Act (CRA) risk management is challenging for many financial services organizations. Rather than viewing the process as an extended series of hurdles to overcome, though, organizations can view inclusive banking as a proactive, strategic opportunity to boost performance while also increasing corporate and social responsibility expectations.
Incorporating an intentional, focused inclusive banking plan requires a strategic focus on the internal and external factors that help make products and services more accessible and affordable to all potential individuals and businesses.