Whenever lender mergers result, twigs are often removed to reduce costs and you will maximum industry duplicity
Immergluck and you will Smith in addition to suggest that, in the event alter in order to CRA are used, financial bodies, financial advancement officials, and neighborhood development practitioners should all be aware of the implications -that alterations in the new financial industry affect revitalization and stabilization within the the most insecure groups
Immergluck and Smith’s study of 5 midwestern cities (Chi town, Des Moines, Detroit, Indianapolis, and you will Milwaukee) paints a quicker positive photo. The brand new article […]