Study: Proposed Rule Changes to CRA Could Encourage Neglect of Entire Markets By Big Banks
Proposed rule changes to the Community Reinvestment Act (CRA) could encourage the neglect of entire markets by the largest banks, a new study found.
Community Reinvestment Act
Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities
Nearly all banks that earned passing marks under current rules would be able to reduce their mortgage lending to low- and moderate-income (LMI) borrowers and communities under new rules proposed for the Community Reinvestment Act (CRA), a new study found.
