Raphael, Bostic; L, Paulson Anna; Hamid, Mehran; Marc, … - In: The B.E. Journal of Economic Analysis & Policy 5 (2005) 1, pp. 1-27
Bank regulators are required to consider a bank’s record of providing credit to low- and moderate-income neighborhoods and individuals in approving bank applications for mergers and acquisitions. We provide evidence that banks self-regulate by strategically increasing their lending to these...