bancopopular_oct2002_cracomments.pdfComment letter on the 2002 CRA examination of
Banco Popular NA. The letter discusses Banco Popular’s
basic checking account, which is more expensive and contains more
restrictions than accounts offered by other banks in the area.
The letter also expresses serious concern regarding Banco’s
invisibility in the home purchase and refinance lending markets. An
analysis of Banco Popular’s HMDA data shows the Bank made 2 home
purchase loans and only 1 refinance loan in its Illinois assessment
area in 2001.
Banco Popular NA. The letter discusses Banco Popular’s
basic checking account, which is more expensive and contains more
restrictions than accounts offered by other banks in the area.
The letter also expresses serious concern regarding Banco’s
invisibility in the home purchase and refinance lending markets. An
analysis of Banco Popular’s HMDA data shows the Bank made 2 home
purchase loans and only 1 refinance loan in its Illinois assessment
area in 2001.
