Should consumer protection failures play a bigger role in CRA grades?

Should consumer protection failures play a bigger role in CRA grades?

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USAA Federal Savings Bank’s downgrade shows how customer mistreatment stemming from flaws in internal controls can hurt Community Reinvestment Act scores. Some want consumer compliance to carry more weight in the CRA calculus.

Could the future of CRA be in doubt?

Rating Agencies: Credit Where Credit's Due

Credit rating agency reform is incomplete

Fed proposal could encourage banks to improve CRA ratings

Exhibit - HOME of VA HOME of VA

May 2022 Community Reinvestment Act Reform Update - Video

PDF) Why and when does consumer protection fail

Putting CRA to Work in Your Community

USAA American Banker

Should consumer protection failures play a bigger role in CRA grades?

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[Morgenson, Gretchen, Rosner, Joshua] on . *FREE* shipping on qualifying offers. Reckless Endangerment: How Outsized Ambition, Greed,

Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon