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Community Reinvestment Act

2 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 28, 2019 by Ben Loehle · across every show →

Everything said about Community Reinvestment Act, oldest first

Nov 28, 2019
Assertion Supported
Banks are only assessed for CRA compliance where they have physical branches
“Banks, they're only assessed where they have brick and mortar branches.”
Ben Loehle Nov 28, 2019 ▶ 6:05 1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
Nov 28, 2019
Assertion Supported
Banks typically allocate 1-2% of Tier 1 capital to CRA investments
“The act does not stipulate an exact percentage, but banks will often look at about to do about a one to two percent of their tier one capital in a community investments to meet their CRA requirements.”
Ben Loehle Nov 28, 2019 ▶ 4:11 1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members
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