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Regulators state CRA relief for industry
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Banking
Friday, March 20, 2020
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Federal financial regulators backed up earlier statements encouraging institutions to meet the financial needs of customers and members affected by the coronavirus by issuing a new statement on Community Reinvestment Act relief.
The agencies stated they encourage financial institutions to work with affected customers and communities, particularly those that are low- and moderate-income. They said they recognize that such efforts served the long-term interests of these communities and the financial system.
Read on for details from the financial regulators.
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