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Military lending and major problems

Answered by: 

Question: 
What’s the most severe penalty for a military lending violation you’ve seen?
Answer: 

One of the more recent military lending violations was a pattern that directly contributed to a bank’s CRA rating being downgraded. That’s a violation that has far reaching and long-term consequences. Keep in mind you don’t want the most severe, or the least severe.

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First published on 03/24/2024

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