Community Groups Blame Weakened CRA Rules for Surge in Share of ‘Oustanding’ Ratings for Thrifts
January 19, 2006
A surge in the share of federal thrifts that have received an “outstanding” rating in 2005 under the Community Reinvestment Act is an indication of a CRA grading system gone awry as a result of a controversial CRA rule implemented by the Office of Thrift Supervision last year, according to community reinvestment groups. …