Should credit unions be subject to Community Reinvestment Act (CRA) regulation?
Banking lobbyists think so. But National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger disagrees, arguing against proposed reforms to put credit unions under the CRA.
Read on for more details from a recent NAFCU letter to the Financial Services Committee detailing why the CRA law should not apply to credit unions.
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