Community Reinvestment Coalition To Press The Banks For Responsible Lending Practices

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Canada's chartered banks use their privileged position to prosper in hard times at the expense of small business, our social welfare system, and Canadian taxpayers as a whole. The newly formed Community Reinvestment Coalition presses for Canadian equivalents to several pieces of U.S. legislation in order to 1) make public information relating to discriminatory practices of major lenders, 2) require banks to target reinvestment to those neglected areas or businesses, and 3) require financial institutions to encourage the formation of associations representative of the interests of Canada's financial consumers.

Author: 
Conacher, Duff
Pages: 
1
Publication Date: 
1994
Stock #: 
MW050306
Language: