Print Page | Contact Us | Sign In | Register
News & Press: Resources

Otting: Wealthy living in LMI areas may no longer get CRA credit

Tuesday, August 13, 2019   (0 Comments)
Posted by: Amanda Averch
Share |

Regulators may stop giving Community Reinvestment Act credit for loans made to borrowers with medium to high income who live in low-to-moderate income neighborhoods, according to Comptroller of the Currency Joseph Otting. "CRA mortgage lending should be to LMI people," Otting said.

 Read more.

Contact Us

Colorado Bankers Association
One Sherman Place
140 East 19th Avenue, Suite 400
Tel: 303.825.1575
Fax: 303.825.1585

Connect With Us