U.S. Banks Face More Fair Lending Scrutiny Under New Regulations

U.S. Banks Face More Fair Lending Scrutiny Under New Regulations

October 24, 2023, Reuters

Randy Benjenk’s commentary was included in a Reuters article covering changes to the Community Reinvestment Act and how U.S. regulators will use these changes to begin grading banks on which communities and geographies they service via online lending.

According to Randy, “the final rule includes some revisions to the proposal that industry commenters had called for, but still expands the CRA into geographies and areas of focus that have never been covered before.”

Click here to read the full article.