The Treasury Department has recommended that U.S. regulators ease up on penalties for banks that fail to adhere to the Community Reinvestment Act (CRA). The CRA, passed in 1977, was enacted to encourage banks to promote financial inclusion by extending mortgages and other types of...
March 21, 2019
Aura, a community development financial institution that provides cost-friendly loans to families, has completed a $50 million private social bond issuance, the company announced on Thursday (Mar. 21). The money from the issuance will allow for 32,561 credit-building loans to what the company calls underserved and underbanked communities. The latest move raises Aura’s raised capital […]
April 04, 2018
The Treasury Department has recommended that U.S. regulators ease up on penalties for banks that fail to adhere to the Community Reinvestment Act (CRA). The CRA, passed in 1977, was...
