On March 21, the Agencies jointly issued an interim final rule granting more time before certain provisions of the previously issued final rule regarding the CRA come into effect.
Following the financial crisis of 2007-2009 and Congressional investigations into the securitization market, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 prohibited securitization.
Earnings per diluted share of $0.74; $0.76 on an adjusted(1) basis, 65% increase YoY Return on average assets of 1.69%; 1.72% on an adjusted(1) basis Record.