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Fed moves to close massive racial homeownership gap

Por: Politico Business October 24, 2023

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Bank regulators on Tuesday unveiled a sweeping new rule to combat lending discrimination, the culmination of a five-year effort to overhaul a landmark 1977 anti-redlining law. The new rule — which would require banks to increase their lending to low- and moderate-income communities — marks the most significant revision to the Community Reinvestment Act’s rules in nearly three decades. The adoption of the rule sets up a potential clash with... + full article



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