Impact of GLB Act Changes Much Clearer in Midyear ’01
July 16, 2001
The full impact of statutory changes to the Community Reinvestment Act examination cycle became clearer in 2001, with only 269 institutions rated during the first half of the year, according to Inside Mortgage Compliance’s analysis of midyear CRA ratings. The historic low represents a 77.3 percent drop from the 1,181 institutions rated as of July last year.