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What changed with CRA in 1995?

What changed with CRA in 1995? The regulations specifically define community development under the CRA. That definition, which has spurred discussion since 1995, encourages financial institutions to focus on serving the community development needs of low- or moderate- income (LMI) Read more…

Which is land of opportunities?

Which is land of opportunities? America is known as “the land of opportunity.” But whether it deserves this reputation has received too little attention. Instead, we seem mesmerized by data on the distribution of incomes which show that incomes are Read more…