Vitaliano, Donald F.; Stella, Gregory P. - In: Journal of Financial Regulation and Compliance 15 (2007) July, pp. 262-274
Purpose – This paper aims to estimate the cost to US savings banks and savings and loan institutions with assets under $250 million of complying with the anti-redlining Community Reinvestment Act (CRA). Design/methodology/approach – Compliance cost is modeled as a type of inefficiency...
