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Home » Store » News » Legislation Expanding Scope of CRA to Non-Banks Introduced

Legislation Expanding Scope of CRA to Non-Banks Introduced

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The National Community Reinvestment Coalition and Rep. Eddie Bernice Johnson last week unveiled legislation modernizing and expanding upon the benefits of the Community Reinvestment Act. The bill would expand the CRA beyond federally regulated financial institutions to include independent mortgage lenders, mainstream credit unions, banks’ mortgage affiliates and securities firms...
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