Fed Chairman: Revisions to Community Reinvestment Act Implementation Must ‘Strengthen’ Law’s Mission
Wall Street Journal, Mar. 11, 2019–Nick Timiraos (subscription)
Federal Reserve Chairman Jerome Powell said he was supportive of regulators’ continuing efforts to improve the way they implement the Community Reinvestment Act, a 1977 law that requires federally insured banks to promote lending to borrowers in low- and moderate-income areas.
