united kingdom

CRA in the UK: Report weighs banking disclosure policies for the United Kingdom

Written by Dan Fair on December 5, 2013 - 10:40am

The report, A UK Banking Disclosure Act: From theory to practice, uses the experiences of Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) in the US to assess the major benefits—and risks—involved in requiring bank transparency.

While US advocates have for decades used detailed reporting data from banks to advance community investment goals, current reporting requirements for UK banks are less detailed:

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