Center for Responsible Lending: Banking Industry's Lawsuit to Halt Updated CRA Regulation is Part of Growing Movement by US Businesses to Use the Extremist Courts to Disrupt Needed Rules
April 02, 2024
April 02, 2024
DURHAM, North Carolina, April 2 -- The Center for Responsible Lending issued the following news release:
Bank and business trade groups recently were granted a preliminary injunction by a federal court in their ongoing lawsuit to block the Federal Reserve, Federal Deposit Insurance Corporation and Office of Comptroller of the Currency from implementing updates to the Community Reinvestment Act (CRA) that require big banks to lend to their entire community, particularly low-income an . . .
Bank and business trade groups recently were granted a preliminary injunction by a federal court in their ongoing lawsuit to block the Federal Reserve, Federal Deposit Insurance Corporation and Office of Comptroller of the Currency from implementing updates to the Community Reinvestment Act (CRA) that require big banks to lend to their entire community, particularly low-income an . . .