Tag Archives: Community Redevelopment Act (CRA)

FDIC Slaps East Bridgewater Savings

What happens if you run a bank responsibly?  The FDIC slaps you with a "needs improvement" rating under the Community Reinvestment Act. From James Pethokoukis at U.SNews.com: There has been a lot of push back against the idea that the Community Reinvestment Act nudged banks to give mortgages to people who should have not gotten them. But then here comes…

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