✉news BusinessFinance first seen 3 d ago, last 3 d ago, peak #32
Over 475 Groups Urge Regulators to Protect Community Reinvestment Act
Original: More Than 475 Groups Urge Regulators to Protect CRA
More than 475 organizations have signed a joint appeal urging US banking regulators to protect the Community Reinvestment Act, the law requiring banks to serve low- and moderate-income communities. The coalition, spanning housing, community development and civil rights groups, warns that weakening CRA enforcement would reduce lending and investment in underserved neighborhoods. Advocates are pressing regulators to maintain strong oversight as proposed rule changes move forward.
Why now: Regulators are weighing changes to CRA rules, prompting a large coordinated advocacy push to preserve the law's protections.
Community Reinvestment ActUS banking regulatorsAffordable Housing Finance
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Evidence
- More Than 475 Groups Urge Regulators to Protect CRA · Affordable Housing Finance
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