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Banks Fear Top Grades Out of Reach in Community Lending Rewrite

Tuesday, August 9, 2022
Evan Weinberger | Bloomberg Law

The Center for Responsible Lending said in its comment letter that the current grading system wasn’t rigorous enough. But the advocacy organization also agreed with the bank groups that the proposal was too tough, noting that “no bank with $50 billion in assets would currently achieve” an outstanding score under the proposal.