Dan Kildee said "What I am interested in hearing from you are any thoughts you have about how the supervisory authority of the Fed--the levers that come with that authority can be used not just for the purposes of streamlining the regulatory process, but those levers could be used in ways to increase the efficiency, the efficacy of the Community Reinvestment Act, access to credit--essentially trying to use the tools you have to ensure that there is equity in the way the financial system works, particularly in those places with high unemployment, high levels of poverty, like my hometown of Flint, Michigan." @ PoliticalQuotes.com

On the recordApril 16, 2018

What I am interested in hearing from you are any thoughts you have about how the supervisory authority of the Fed--the levers that come with that authority can be used not just for the purposes of streamlining the regulatory process, but those levers could be used in ways to increase the efficiency, the efficacy of the Community Reinvestment Act, access to credit--essentially trying to use the tools you have to ensure that there is equity in the way the financial system works, particularly in those places with high unemployment, high levels of poverty, like my hometown of Flint, Michigan.

Said by

Dan Kildee

Democratic · Michigan

Source

congress.gov

Editor's note · Context

Kildee seeks to leverage Fed authority for equitable financial access in struggling areas.

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