Having avoided joining with two of its regulatory counterparts in endorsing plans to revamp Community Reinvestment Act (CRA) regulations, the Federal Reserve’s ideas regarding CRA reform became clearer in a recent speech by Fed Governor Lael Brainard.
Amid her nuanced account of what changes the Fed has determined might be appropriate in reforming CRA standards, her main point on the matter was quite succinct, asserting that the focus should be getting it “right” rather than getting it done quickly.
Learn more about the key takeaways from her speech.