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Sept 24, 2013

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Google, Asked at UN About Censorship, Moved to Censor the Questioner, Sources Say, Blaming UN - Update - Editorial

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Subprime Tricolor Auto Acceptance Says CRA Reg Will Help It As Regulators Asleep at Switch

By Matthew Russell Lee, Patreon Maxwell book
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South Bronx NYC, Sept 7 – How serious is the current proposal to re-vamp the U.S. Community Reinvestment Act regulations?

  Well, subprime auto lender Tricolor Auto Acceptance's CEO Daniel Chu is bragging that "banks that lend to Tricolor receive vicarious CRA credit."  

  Worse, Tricolor was approved by the US Treasury Department as a Community Developing Financial Institutions, even after setting with the FTC for violation the Fair Credit Reporting Act.

  Fair Finance Watch, with Inner City Press on the FOIA, timely commented against such scams, here.  The price of real CRA is eternal vigilance.


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