Political Quotes

John Sarbanes: “Rural Americans need tools of the Community Reinvestment Act to ensure accountability of their local lending…”

On the recordJuly 27, 1998
Rural Americans need tools of the Community Reinvestment Act to ensure accountability of their local lending institutions. It is needed to prevent rural banks from abandoning their commitment to serve the millions of Americans living in smaller low and moderate-income communities. Unfortunately, small commercial banks do not automatically reinvest in their local communities.
Said by
John Sarbanes
Democratic · Maryland

Editor's note · Context

Addressing the importance of the Community Reinvestment Act for rural Americans.

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