Local Michigan Non-Profit Joins Campaign to Oppose Gutting Ofcommunity Reinvestment Act

U.S. Newswire › September 08, 2004

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Summary

MARQUETTE, Mich., Sept. 8 /U.S. Newswire/ -- Rural community development organizations from Michigan and across the United States are helping to create a national coalition to stop federal bank regulators from gutting key provisions of the Community Reinvestment Act (CRA).

Regulatory changes proposed by the Federal Deposit Insurance Corporation (FDIC) would reduce the number of banks that must undergo a complete CRA exam from 1,110 to 219, a decline of 80 percent.

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Local Michigan Non-Profit Joins Campaign to Oppose Gutting Ofcommunity Reinvestment Act

Northern Economic Initiatives Corporation in Marquette is part of an 1,800-member national network of rural community development groups that are worki...

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