NCRC: Advocacy Groups Remind Bank Regulators Of The Urgent Need For Stronger CRA Rules And Tougher Enforcement On Lending Equity And Bank Mergers

By NCRC / March 1, 2022 / Press Releases / 5 minutes of reading

With a new proposal imminent from bank regulators, community, civil rights and consumer advocacy groups stress the urgency of updates to Community Reinvestment Act

With federal bank regulators poised to unveil new rules for implementation of the Community Reinvestment Act (CRA), local and national community advocacy groups today reminded them of the urgent need to make CRA exams more rigorous, expand data collection and improve communication around merger reviews.

To read the complete press release, visit NCRC

Courtesy of NCRC