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Regulators Should Hold CIT Bank Accountable for Strong CRA Plan

Regulators Should Hold CIT Bank Accountable for Strong CRA Plan

July 29, 2015
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Regulators have given the merger between CIT Group and OneWest Bank the green light — so long as CIT comes up with a revised Community Reinvestment Act plan. This condition is good news for the low-income communities impacted by the merger and sets a strong precedent for regulators' review of future bank deals.

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