Latest / Banking with Interest
Is CRA Reform Stuck in a Regulatory Doom Loop?
The OCC and FDIC, but not the Fed, have released a new proposal to rework implementation of the Community Reinvestment Act. Is this one liable to stick when the past two have not? Jesse Van Tol, president of the National Community Reinvestment Coalition, offers his take, including why he sees this latest effort as deeply flawed because it will weaken community-development obligations for banks nationwide.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.