The Federal Reserve’s proposed Community Reinvestment Act reform is a disappointment for not doing what it was supposed to do, and for doing something that it was never asked to. The OCC’s ...
The Federal Reserve Bank of New York building in an undated photo. For a law meant to undo the harms of discriminatory lending practices of the past, the Community Reinvestment Act has little impact ...
In my previous email I explained the devastating impact of the new CRA Rule on the percentage of banks receiving a less than satisfactory CRA Performance Rating. The data in Table 32 within the new ...
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