HousingWire, May 5, 2022, Ready or not, CRA modernization is at the door
Banks could receive many more failing grades from their regulators under a recently proposed overhaul of the Community Reinvestment Act (CRA).
The agencies proposed expanding the granularity of grades assigned to all banks, distinguishing between “low satisfactory” and “high satisfactory,” something that the National Community Reinvestment Coalition has encouraged.
