In 2013, Ben Loehle co-founded findCRA, a Louisville-based regulatory technology and data platform designed to help banks satisfy Community Reinvestment Act requirements. He leads the company's business and product strategy, providing software tools and consulting services to connect financial institutions with eligible nonprofits.
3 assertions · 3 disclosures · every statement was checked. The
predictions and assertions are
the 3 claims: statements
the public record can support or contradict. 2 are resolved, and 1 names no date, number or outcome precise enough to check.
Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it
carries no assessment.
The record, in short
What the tape says about how Ben argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.
Their most notable supported claim
AssertionSupported
Banks typically allocate 1-2% of Tier 1 capital to CRA investments
“The act does not stipulate an exact percentage, but banks will often look at about to do about a one to two percent of their tier one capital in a community investments to meet their CRA requirements.”
Ben LoehleNov 28, 2019▶ 4:111587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
Banks typically allocate 1-2% of Tier 1 capital to CRA investments
“The act does not stipulate an exact percentage, but banks will often look at about to do about a one to two percent of their tier one capital in a community investments to meet their CRA requirements.”
Ben LoehleNov 28, 2019▶ 4:111587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
AssertionSupported
Banks are only assessed for CRA compliance where they have physical branches
“Banks, they're only assessed where they have brick and mortar branches.”
Ben LoehleNov 28, 2019▶ 6:051587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
Disclosure
Find CRA charges banks between $1,250 and $5,000 annually
“We have three tiers of pricing. If it's a bank that just has like one branch or two branches, it's 1250 a year.”
Ben LoehleNov 28, 2019▶ 9:021587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
AssertionNot checkable as stated
Find CRA has 11 banks on its platform 18 months post-launch
“We currently have 11 banks using or about to use the platform, and it, it's kind of covers the full range, and we launched this product about a year and a half ago”
Ben LoehleNov 28, 2019▶ 9:541587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
Disclosure
Find CRA has raised about $900,000 in funding to date
“We've raised about 900,000 to date.”
Ben LoehleNov 28, 2019▶ 10:451587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
Disclosure
Find CRA pivoted from a high-touch agency model in 2016
“In 2016, we realized that our initial approach to servicing the needs of bridging kind of the gap between nonprofits and banks our initial approach was not going to be scalable. It was too high touch. We were having too much consultation.”
Ben LoehleNov 28, 2019▶ 11:151587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.
