TITLE

CRA Due Diligence More Critical than Ever

AUTHOR(S)
Thomas, Kenneth H.
PUB. DATE
December 2008
SOURCE
American Banker;12/19/2008, Vol. 173 Issue 244, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on bank due dilligence and Community Reinvestment Act (CRA) investments. There has been a proposed expansion of the CRA to financial institutions that are not banks which will allow them to receive government bailout money. However, there are geographic requirements for CRA that could only be met through the establishment of a national or regional fund.
ACCESSION #
35855873

 

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