MoBetter News
Business Politics

PRESS ROOM: CRL Statement on the Federal Reserve’s Plan to Revamp the Community Reinvestment Act

(Photo: iStockphoto / NNPA)NNPA NEWSWIRE — The CRA is a civil rights law designed to expand financial opportunity. The law requires banks to meet the credit needs of the communities in which they are chartered. The CRA was created to be a key driver in financial equity, helping to spur hundreds of billions of dollars of investment in underserved areas. Yet, the CRA requires strengthening to evolve with the changing banking landscape and to fully meet its statutory mission.

Read Full Post

Related posts

How To Catch Up With Your Retirement Savings

Kandiss Edwards

Zion Williamson To Sign Up To $231 Million Extension With New Orleans Pelicans

Niko Mann

Happy New Year!! End of Year Review

Washington Informer