I would say to the chairman that my concern with the approach is that the Community Reinvestment Act and other consumer laws would not apply to the foreign bank branches under the House bill. Let me ask the chairman further, do foreign banks have the ability to branch interstate under the Senate bill?
Wendell Ford: “I would say to the chairman that my concern with the approach is that the Community Reinvestment Act and other consumer…”
Editor's note · Context
Discussing concerns about foreign bank branches and consumer laws during a legislative debate.
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