Thank you very much, Mr. Chairman. I thank you for holding this long overdue hearing on the Community Reinvestment Act, a law of immense importance that was put in place to ensure fair access to credit and banking services.
Waters emphasizes the significance of the Community Reinvestment Act and the need for the hearing.
Share & report
More from Russell Waters
I urged the government to block it, and led a letter with 15 Committee Democrats to the bank regulators to immediately strengthen their merger reviews.
Can you also speak to the broader concerns about the potential for monopolistic use of data and misuse of market power by Big Tech companies?
I have long raised concerns about Big Tech's expansion into financial services.
I do believe that based on what we understand about the profit margins of the banks, they could really afford to do it.
Other voices in this conversation
