“Grade Inflation” Widespread in CRA Reviews, Greenlining Institute Charges

Contact: Bruce Mirken, Greenlining Institute Media Relations Director, 510-926-4022; 415-846-7758 (cell) WASHINGTON – Federal bank regulators increasingly look the other way when major banks’ CRA reviews show low performance on lending, investments or services, allowing bank mergers that aren’t in the public interest…
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Greenlining Letter to the Federal Reserve and FDIC Continuing to Oppose Merger between PacWest and CapitalSource

The Greenlining Institute and members of its coalition have been following the proposed merger since it was announced. CapitalSource Bank’s community development performance far surpassed that of PacWest. In September, Greenlining sent a letter calling on regulators to deny the…
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