Banks Face Avalanche of Data Demands Ahead of CRA, CFPB Final Rules

American Banker, Feb. 7, 2023–Miriam Cross (subscription)
This potential triple whammy means that financial institutions may want — or need — to get a head start at strategizing what tools they need to acquire, homegrown systems they need to modify, staff they need to allocate and costs they need to account for, even if it is advisable to hold off on actual investments before the rules are finalized.