Trump Administration Seeks to Change Rules on Bank Lending to the Poor
Wall Street Journal, Jan. 10, 2018–Rachel Louise Ensign, Ryan Tracy (subscription)
Changes to the regulations of the Community Reinvestment Act-a law first enacted in 1977-could potentially transform the way banks make billions of dollars in loans, investments and donations to poorer customers. In all, they could make it easier for banks to meet certain lending requirements and lower penalties for compliance problems.
