Industry News

Banks to Receive CRA Credit for COVID-19 Lending

Banks to Receive CRA Credit for COVID-19 Lending

March 20, 2020 | Reprints | Unlock Link

Banks responding to the needs of low- and moderate-income communities during the economic crisis caused by the coronavirus will receive credit for these activities under the Community Reinvestment Act, according to a joint statement from the three federal bank regulators.

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