State Regulators, Community Groups Call for Bank Affiliates to be Covered by CRA Reviews
September 17, 2009
State regulators and community development advocates this week urged Congress and federal regulators to toughen the Community Reinvestment Act and its regulations by requiring that all lending and activities by affiliates be part of a bank’s CRA performance review. The Conference of State Bank Supervisors, the National Community Reinvestment Coalition and several other community...