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STAYING AHEAD OF CRA: WHAT FINANCIAL INSTITUTIONS MUST KNOW TO WIN AT COMMUNITY INVESTMENT
Here's the ultimate guide to improving CRA performance...and obtaining a higher rating. Marshall gives you a comprehensive overview of how the rules of the Community Reinvest- ment Act compliance game have changed, and how these changes affect all banks and thrifts. Staying Ahead of CRA summarizes developments coming from Congress and the regulatory front and shows how these events have increased pressures on financial institu- tions to boost lending and services in low-and moderate-income neighborhoods.
This one-of-a-kind book gives you proven strategies and tactics for upgrading your bank's CRA performance. Marshall describes a number of successful plans, including little- utilized programs such as:
■ How secondary market agencies can be a boon to CRA efforts.
■ How loan pools and low-income housing tax credits can broaden affordable housing efforts.
■ Why regulators are smiling on noncredit programs that bolster education or provide basic banking services to poorer consumers.
Staying Ahead of CRA includes in-depth pro- files of some leading community development lending programs that show you how a few banks are leading the way to a kinder CRA. You'll also find interviews with experts who have examined results from the first public CRA evaluations that reveal what the examin- ers seem to be focusing on. And, looking toward the future of community reinvestment, Marshall offers forecasts from leading bank- ers, regulators, and community groups
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