It would become a disincentive for individuals in these communities to lend money in these communities to people of color and of low- and moderate-income, exactly the opposite of why CRA was created.
Gregory Meeks: “It would become a disincentive for individuals in these communities to lend money in these communities to people of…”
On the recordJanuary 28, 2020
Source
congress.govEditor's note · Context
Criticizing the OCC's proposal for undermining lending in low-income communities.
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