banks spend billions and billions and billions of dollars fulfilling their CRA obligations. I want to make sure it is absolutely going to help communities and isn't just a check the box to satisfy regulators.
Mnuchin emphasizes the need for effective use of CRA funds to benefit communities.
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I strongly encourage Congress to use the $455 billion in unused funds from the CARES Act to pass an additional bill with bipartisan support.
It would move money offshore. It would disproportionately hurt pensions, 401(k)s, and people who are saving for retirement.
I don’t think anybody should look at what’s a natural, healthy correction of these indexes as indicating that the economy’s in trouble.