I hope that you all look for ways to push financial institutions to innovate, to try new data-driven projects while giving those institutions the certainty they need that innovation will be permitted under the CRA for credit.
McAdams advocates for innovation in financial institutions under CRA reform.
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I’ve always been somebody who focuses on getting things done, because I believe the people who are counting on us can’t afford for us to let a purity test get in the way of progress.
CRA reform must preserve the spirit and intent of the CRA to benefit low- and-middle-income communities and individuals while also updating the CRA for a 21st Century financial system.
In a previous life, I was the mayor of Salt Lake County, and one of the areas where I was proud of our work was the ability to bring private sector resources to help address public sector problems.
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