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To: CommieCutter

Do you remember the name of the bill that reformed it?


6 posted on 01/28/2009 2:44:36 PM PST by Danae (Amerikan Unity My Ass)
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To: Danae

http://en.wikipedia.org/wiki/Community_Reinvestment_Act

Wikipedia doesn’t name a bill, but calls it as a regulatory change.

I’ll try some more search variations.

There were all kinds of changes it looks like.

Not to mention the Gramm-Leach-Bliley Act the Democrats blame REQUIRED BANKS to PASS a CRA INSPECTION in order to benefit from the “deregulation” benefits of the GLB-Act.
That means groups like ACORN could cause a bank to get sued if they didn’t approve of their lending practices. Remember, Obama sued Citibank, right? I believe it was because of their lack of passing a CRA inspection (someone correct me if I’m wrong).


7 posted on 01/28/2009 3:32:04 PM PST by CommieCutter (http://www.pbs.org/wgbh/nova/programs/ht/qt/3013_08.html)
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