Washington, D.C – Today, BPI President & CEO Greg Baer issued the following statement in response to the Federal Reserve’s proposal to update the Community Reinvestment Act (CRA):
Today’s issuance by the Federal Reserve is a welcome addition to the conversation on modernization of the CRA regulatory framework. We continue to agree with the statements of several of the Federal Reserve governors that interagency cooperation is key for a regulatory framework that best achieves the goals of CRA.
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