Ready or not, CRA modernization is at the door
Housing Wire
MAY 5, 2022
Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from 2017 to 2019, bank regulators estimated. Banks also would be able to get credit for community development activities, even if that work occurs outside of their branch footprint.
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