@federalreserve @FDICgov & @USOCC are expected to put out an NPR on modernization of the #CRA on April 11th.
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Excellent testimony by
@MehrsaBaradaran "The underlying theory of the CRA is that banks have public duties because they are essentially public institutions. Banks cannot function, and have never functioned, without extensive federal government support." https://financialservices.house.gov/uploadedfiles/hhrg-116-ba15-wstate-baradaranm-20190409-u2.pdf …
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