Banks Call for Housing Discrimination Scrutiny for Credit Unions

Credit unions counter the "Community Reinvestment Act" was intended to counter illegal practices of banks.

By Jim DuPlessis | July 14, 2022 at 03:25 PM

Model home sitting next to mortgage paperwork.

A banker told Congress Wednesday that it should require credit unions to comply with the Community Reinvestment Act, which was created in 1977 to stop banks from discriminating against minorities for home loans.

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Banks Call for Housing Discrimination Scrutiny for Credit Unions

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Jim DuPlessis

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