The Regulatory Review, April 11, 2023, Regulators Propose Updates To Community Reinvestment Act Rules
The National Community Reinvestment Coalition (NCRC), a non-profit advocacy organization focused on fair housing and banking, also published a list of areas where the proposed updates to CRA regulations “fall far short.” According to the NCRC’s report, some of the proposed financial regulations will ultimately limit regulators’ abilities to “remedy the persisting legacy of discrimination in the areas covered by the CRA.”
