America’s Community Reinvestment Act is sensitive, but still up for revision
Tag: rethought
Rules on bank lending in poor neighbourhoods are being rethought
THE document is dry, dusted with references to “benchmarks”, “performance evaluation” and “a metric-based framework”. But the 25 pages published on August 28th by the Office of the Comptroller of the Currency (OCC), one of America’s federal bank regulators, may start a protracted dispute over lenders’ obligations to poor neighbourhoods and hence to racial minorities. […]
