Gregory Meeks

In low- and moderate-income communities, particularly communities of color, the way you build wealth for those communities, the largest investment that they will make is in their mortgage.

What is the rush, what are you afraid of, or why don't you listen to the people who would be regulated by this and affected by this?

CRA laws passed to reduce discrimination in the credit and housing markets including what had passed the Fair Housing Act of 1968.

Congratulations on one thing: you have unified them all.

Your proposal is so flawed that covered banks are telling us that they see it as a very bad rulemaking.

Your proposal decouples CRA from outcomes for intended communities, discounts the value of direct lending and mortgages.

The CRA was a civil rights bill meant to address the legacy of redlining and discrimination in banking.

We can never sit back and take it easy and take things for granted because if we do, we allow history to repeat itself.

Hatred is a threat to democracy.

My concern is that the ramifications are so crucial. And that is why I am so focused on making sure that there is a complete study beforehand.

If CECL causes more small lenders to close their doors, the already growing problem of banking deserts and unbanked individuals will be exacerbated.

Small community banks have been disappearing at an alarming rate since the financial crisis...

If these financial institutions curb lending and restrict credit, low-income individuals could see their cost of borrowing rise or could lose access to credit altogether.

I understand that switching to the CECL accounting method... will have significant real-world impacts on community banks, minority banks, and other providers of credit and banking services.

I have created a bill called the People CARE Act, which would make the program person-centered.

In spite of $900 billion spent every year, over 90 programs, you have people who fall through that safety net.

The reality is, collectively, the United States spends about $900 billion a year on a social safety net.

Public housing facilities--I am a child and a product of public housing--are crumbling in cities across the country.

As a nation, we are facing an array of serious housing issues. Homelessness is on the rise because of skyrocketing housing costs and underinvestment in anti-homelessness programs.

I do not believe in simple narratives around the issue of housing. There is no one-size-fits-all solution.

At its core, the CRA is a civil rights bill.

It was not to stop an imminent Iranian attack against the United States.

The President should not be able to commit the U.S. recklessly and flagrantly to war. That is the reason there are constitutionally mandated checks and balances. The President escalated hostilities with Iran and did not demonstrate any…

The decision to impeach a President of the United States is of enormous magnitude and utmost significance. There are few issues that so deeply reflect upon the Constitution and the American system of governance. As a senior member of the…

We know that people are dying on a daily basis, some because of no food, others because of the violence that has taken place.