Isn't it also the case, I ask the Senator, that in the mid-1990s, when a number of banks were complaining about the regulatory burden associated with CRA, Secretary Rubin undertook a major effort to address the question of regulatory burden and made very substantial changes in the requirements, which were greeted by the various banking associations at the time as being very forthcoming in dealing with this question of overregulation?
John Sarbanes: “Isn't it also the case, I ask the Senator, that in the mid-1990s, when a number of banks were complaining about the…”
Editor's note · Context
Discussing regulatory changes related to the Community Reinvestment Act during a Senate debate.
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