3/9/18 - Gene Ludwig on Efforts to Reform CRA Supervision and Enforcement
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3/9/18 - Gene Ludwig on Efforts to Reform CRA Supervision and Enforcement

Promontory Chief Executive Officer Gene Ludwig was quoted in an American Banker article about steps regulators are taking to revamp supervision and enforcement of the Community Reinvestment Act.

“Like any set of rules, it is wise to study from time to time how to make them more effective and relevant on the one hand and less burdensome on the other,” Ludwig said. “It’s also important that we consider ways to expand the CRA approach to nonbanking organizations, particularly nonbank financials.”

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