On the recordMarch 2, 2009
The purpose of CRA has worked quite well.
Source
congress.govThe purpose of CRA has worked quite well.
Dodd defends the Community Reinvestment Act's effectiveness in promoting loans in low-income areas.
Share
More from Chris Dodd
I'll tell you, one of the things I feel very good about is that there are people like Bob Menendez, who care about these issues.
Maybe we ought to be spending a little more time looking at the relationships at that level.
In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.