Upholding the Spirit of the CRA: Do CRA Ratings Accurately Reflect Bank Practices? (Part 1 of 2)
Channel: HouseResourceOrg
Date: 09/02/2011

Upholding the Spirit of the CRA: Do CRA Ratings Accurately Reflect Bank Practices? (Part 1 of 2) - Committee on Oversight and Government Reform - Tape Deck 11 - 2007-10-24 - Subcommittee on Domestic Policy.  This hearing will expose and explain how Community Reinvestment Act (CRA) exams may not reflect discriminatory practices by regulated banks, including the problems associated with regulatory discretion and new bank structures that were prohibited when Congress enacted the CRA. It will also analyze the detrimental affect of non-disclosure of fair lending exams on community participation and CRA enforcement.  Video provided by the U.S. House of Representatives.