Denying CRA-eligible loans suspected of appraisal bias could open up lenders to accusations of lending bias for wrongly denying applicants. Approving applications for loans they suspect of appraisal ...

A Northeast Ohio community bank has been dinged by regulators in its latest Community Reinvestment Act (CRA) exam. In a recently released assessment, First Federal Savings & Loan Association of Lorain ...

There’s a very big inconsistency in the Community Reinvestment Act. The current CRA rule was passed in 1995 and requires every FDIC insured bank to meet the credit needs of the communities they serve.

Sign up for the daily CJR newsletter. Felix Salmon takes John Carney of Clusterstock to task for latching on to the right-wing effort to blame the housing bubble and ...

The Community Reinvestment Act (CRA) was passed in 1977 to combat redlining and increase bank services in low-income communities. Despite progress, the legacy of redlining continues to affect ...

In the previous articles of this 4-part series, I identified and explained three types of fatal flaws in the 2023 CRA rule and I presented 5 suggestions to improve the effectiveness of the legacy CRA ...

The rule, effective July 7, puts into place requirements similar to those for banks, except nonbanks do not have to make ...

NEEDHAM, Mass., Dec. 18, 2024 /PRNewswire/ -- Needham Bank is pleased to announce that Danny Tieu has joined the Residential Lending team as Vice President, Community Reinvestment Act (CRA) ...