For instance, many of the places that I have visited, such as in the colonias, the Mississippi Delta, Appalachia, and Indian Country, have few bank branches and are located outside of branch-based assessment areas. Banks need to be confident about receiving CRA credit to seek out activities and investments in these areas.
Vítor Constâncio: Nonlinearities in macroeconomics and finance Speech by Mr Vítor Constâncio, Vice-President of the European Central Bank, at the conference on “Nonlinearities in Macroeconomics and Finance”, Frankfurt am Main, 15 December 2014.