2 years ago

Why was the Community Reinvestment Act of 1977 criticized after the onset of the Great Recession?

1 answer:

7 0

That answers is c because of Critics were concerned the law would create distortions in credit markets and result in credit allocation by the federal bank regulators. They also noted an already heavy regulatory burden, and felt the CRA would encourage riskier lending.Oct 12, 1977

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