Tag: globe

At Planet Money, a multimedia group of reporters tracks down the economists, buyers and common folks who are making an attempt to make sense of the quickly altering international economic system. February 15, 2024 • In 2023, The Federal Reserve and different banking regulators announced they have been making changes to how they grade banks on servicing local communities. This all stems from a 1977 law called the Community Reinvestment Act, which was designed to encourage banks to raised Business News meet the wants of reasonable and low-income borrowers. However, major banking commerce teams weren’t too excited in regards to …