American Banker,
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March 14th, 2019: FDIC chief ties personal story to CRA reform effort
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A speech by the head of the Federal Deposit Insurance Corp. on expanding access to the underbanked and modernizing the Community Reinvestment Act turned personal on Thursday.
Jelena McWilliams, who immigrated from Serbia in the former Yugoslavia, recounted her struggles to get credit in the U.S. She teared up as she described how her father lost savings during the Yugoslavian conflict. She said regulatory policy should move banking in the direction of serving the unbanked and communities in need.
