Why the Agencies Demand a CRA Speed-Read
Was the new CRA proposal worth waiting for? Advocates on all sides of this question are burrowing into the 678 pages delivered unto them by the FDIC last Thursday. We’re doing the same for an in-depth analysis we’ll make as objective as possible as quickly as possible. At first glance, there’s a lot in the proposal for all sides to like a lot. However, the haste with which the agencies are gathering comment suggests that they hear Republican hoofbeats that may well pick up speed and strength as the industry’s deep read concludes.