GAO: CRA Statute Could Be Expanded to Include Credit Unions

The Government Accountability Office last week released a report outlining recommendations to further incentivize financial institutions to provide banking services and small-dollar consumer loans in low- to moderate-income communities, including extending CRA to credit unions.

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The Weeble Wobble Bureau

In 2017, the Consumer Financial Protection Bureau suffered several setbacks in court, but each time, the agency bobbed back up and refused to temper its enforcement strategy.

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