Fed Chairman: Revisions to Community Reinvestment Act Implementation Must ‘Strengthen' Law's Mission

March 13, 2019

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.


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