Maxine Waters actually said...

We want access to credit, but it must be quality credit. Anything less adds to the stress of the desperate and the needy.

CRA is one of the most important and impactful civil rights laws applicable to federally insured banks.

I urge the OCC, the FDIC, and the Fed to work in concert on CRA modernization in good faith.

I believe this is the correct approach and regulators should continue their work to fix this outdated regulation.