In fact, unless we do this, you could have a bank in substantial noncompliance with respect to the CRA test which would then be able to reach out and exercise these additional powers?
John Sarbanes: “In fact, unless we do this, you could have a bank in substantial noncompliance with respect to the CRA test which would…”
Editor's note · Context
Discussing compliance with the Community Reinvestment Act during a debate.
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