May 23, 2022
Enhanced Capital President and CEO Michael Korengold recently shared his insights in a GlobeSt.com article titled “Community Reinvestment Act Could Receive Meaningful Overhaul.” The piece looked at the potential benefits of a recent proposal from federal bank regulatory agencies to change Community Reinvestment Act (CRA) regulations.
Michael noted Enhanced Capital’s support for modernization of CRA requirements to better reflect the needs of low- and moderate-income communities.
“In particular, we support the efforts to make CRA more metric-driven and quantifiable so that banks can better evaluate opportunities and understand on the front end how they’ll be judged in their CRA assessments."