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Articles Published in the Media / Breaking Down the New CRA Framework by Steven Patrick
Breaking Down the New CRA Framework by Steven Patrick
Synopsis
Banking regulators have finally released the long-awaited final rule reforming Community Reinvestment Act (CRA) regulations—a regulation that often receives mixed sentiments from bankers. Fortunately (or unfortunately), regulatory changes typically unfold incrementally. The new rules, therefore, build upon existing ones rather than taking a wholly new direction.
