I am also very concerned that regulators are making a brazen attempt to weaken the implementation of the Community Reinvestment Act (CRA) under the guise of modernization.

In rolling back important reforms put in place in the Dodd-Frank Wall Street Reform and Consumer Protection Act to protect consumers, investors, and the economy, regulators are opening the door to the bad practices that contributed to the…

You need to get to work on capital. You need to get to work on encouraging big banks to invest in small banks.

Minority Depository Institutions play a vital role in serving low- to moderate-income and underbanked communities.

Since 2008, the number of Black-owned banks has decreased by more than 50 percent.

This is a crisis, and regulators have failed to live up to their statutory obligations to preserve and promote MDIs.

I cannot tell you how pleased I am about their advocacy because oftentimes, we accuse tenants of not being involved.

I want to thank you because you have here before you today Ms. Geraldine Collins, the board president of the National Alliance of HUD tenants.

They have not given you an answer about resources, and you are out there working, using your own resources to organize.

Let me just say to the panel, if you are wondering about our frustration, it is because this issue has plagued us for so long, and we are watching the Black banks, in particular, that are literally going out of business to the point…

We need more transparency. That is extremely important.