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8/2/16 - Gene Ludwig discusses the Community Reinvestment Act

An American Banker article assessing what's next for the Community Reinvestment Act quoted Promontory Chief Executive Officer Gene Ludwig.

“You couldn't have a group of regulators who are more supportive, well intentioned in terms of making the CRA effective,” Ludwig said about the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corp. “The fact of the matter is, CRA, though not perfect, has worked pretty well, and changing it — given the realities of the statute — takes a lot of doing."