we can never sit back and take it easy and take things for granted because if we do, we allow history to repeat itself.
congratulations on one thing: you have unified them all.
the CRA was a civil rights bill meant to address the legacy of redlining and discrimination in banking.
your proposal decouples CRA from outcomes for intended communities, discounts the value of direct lending and mortgages.
CRA laws passed to reduce discrimination in the credit and housing markets including what had passed the Fair Housing Ac...
your proposal is so flawed that covered banks are telling us that they see it as a very bad rulemaking.
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 affec...
In low- and moderate-income communities, particularly communities of color, the way you build wealth for those communiti...
It would become a disincentive for individuals in these communities to lend money in these communities to people of colo...
I understand that switching to the CECL accounting method... will have significant real-world impacts on community banks...
Small community banks have been disappearing at an alarming rate since the financial crisis...