Bank of Choice in Arvada gets satisfactory rating for Community Reinvestment Act by FDIC
Arvada's Bank of Choice has received a 'satisfactory" rating from the Federal Deposit Insurance Corp. for meeting standards of the Community Reinvestment Act.
The CRA measures a financial institution's reinvestment in its local community.
Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods.
Garrison Wells,
Denver Financial Fraud Examiner
Garrison Wells is a Denver-based investigative journalist, writer and investigator. He was written for The Denver Business Journal, Denver Post and Douglas County News-Press. He has won awards for editing, writing, layout and newsroom management while toiling for Gannett, McClatchy, Knight-Ridder...
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