Political Quotes

William Bryan: “As the Senator knows, as a practical matter, although CRA is triggered generically in two circumstances--one, part of a…”

On the recordMay 5, 1999
As the Senator knows, as a practical matter, although CRA is triggered generically in two circumstances--one, part of a periodic review; the other, when applications are made for charter changes or new branches or mergers or acquisitions--as a practical matter, the only opportunity community groups have is in this application process which the Senator has described. That is the only opportunity. So if you foreclose them by a standard that is unreasonable and difficult to meet, you have, for all intents and purposes, foreclosed community groups from registering any effective concerns that they have.
Said by
William Bryan
Florida
Source
govinfo.gov

Editor's note · Context

Discussing the implications of the Community Reinvestment Act (CRA) on community groups.

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