Rep. Cleaver Applauds Biden Administration's Historic Proposed Updates to the Community Reinvestment Act
May 05, 2022
May 05, 2022
KANSAS CITY, Missouri, May 5 -- Rep. Emanuel Cleaver, D-Missouri, issued the following news release:
U.S. federal regulators announced a proposal to strengthen and modernize the Community Reinvestment Act (CRA) to ensure regulated financial institutions are better servicing the credit needs of American communities, including rural, low-, and moderate-income communities. The CRA requires federally chartered or insured financial institutions to serve the needs of their respective comm . . .
U.S. federal regulators announced a proposal to strengthen and modernize the Community Reinvestment Act (CRA) to ensure regulated financial institutions are better servicing the credit needs of American communities, including rural, low-, and moderate-income communities. The CRA requires federally chartered or insured financial institutions to serve the needs of their respective comm . . .