Tag Archive: United States federal banking legislation

I told you so…

Well, I am going to revel in the “I told you so moment”, but yet another study asking the question”Did the Community Reinvestment Act (CRA) Lead to Risky Lending?“, reports that:

Yes, it did. We use exogenous variation in banks’ incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior

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