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Home » Store » Taxable » Rule Proposed to Raise Thrifts’ CRA Activities in Rural Districts

Rule Proposed to Raise Thrifts’ CRA Activities in Rural Districts

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Taxable

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The Office of Thrift Supervision last week sought comment on a proposed rule that would increase thrifts’ lending, services and investments in underserved areas. The proposed rule would expand the definition of “community development” under the OTS’ Community Reinvestment Act regulations to include community services aimed at individuals in rural areas, as well as activities that revitalize or stabilize those areas. …
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