A banks' poor or mediocre Community Reinvestment Act (CRA) record could be held against it by community activists if the bank needed regulatory approval for a merger or acquisition.

Question

Quizplus · Accepted Answer

Community activists can use a bank's poor or mediocre Community Reinvestment Act (CRA) record as leverage to oppose or negotiate terms during the bank's efforts to gain regulatory approval for mergers, acquisitions, or other expansions, as regulatory agencies consider CRA performance in their approval process.

A Banks' Poor or Mediocre Community Reinvestment Act (CRA) Record