“If you raise the exemption threshold, you end up in a situation where the vast majority of FDIC banks are exempt from the new system, which begs the question — why sign on to the proposal at all if you’re preserving the way CRA is now for most banks?” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition.
In the News
Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: firstname.lastname@example.org.
This time, rather than mortgage delinquencies growing over time, it could spike suddenly as people suddenly find themselves without a job, said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition.