Entries tagged "CRA"

FDIC data shows no CRA, failure correlation

Federal Deposit Insurance Corp. data shows that over the last decade most banks have complied with the controversial Community Reinvestment Act with no rise in failures.

CRA stuck in Carney's craw

Clusterstock's John Carney has touted a Federal Reserve study to support his CRA conspiracy theory, when in fact the report may help debunk it.

More thoughts on CRA and the crisis

The debate over the Community Reinvestment Act's role in the credit crisis continues in the blogosphere as Barry Ritholtz challenges opponents to a real debate not via blogs.

CRA boogeyman returns

Fingers are pointing at the Community Reinvestment Act as the main culprit for the credit crisis, even though this tired meme has been debunked over and over again.

Fed report: CRA not cause of housing bubble

A recent Fed study of the Community Reinvestment Act-related lending found no connection between CRA and the subprime mortgage problems.

Comptroller dismisses claims CRA fueled subprime meltdown

Comptroller of the Currency John C. Dugan, the federal regulator of national banks, Wednesday rejected assertions that the Community Reinvestment Act deserves some blame for the reckless expansion of subprime mortgage lending. ...

Activists may try to use CRA to thwart Bud deal

Here's a twist: Critics of InBev SA's unsolicited bid for Anheuser-Busch Cos. argue financing for the beer merger violates community lending law....

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