Bloomberg Law, June 26, 2020: Anti-Redlining Revamp Best Left for ‘Peacetime,’ FDIC Chair Says
The FDIC won’t join a fellow banking regulator in revamping anti-redlining rules as long as the COVID-19 pandemic continues, the agency’s chairman Jelena McWilliams said Friday.
Potential revisions to Community Reinvestment Act rules are better suited for “peacetime, when things are calm, the economy’s doing well,” McWilliams told Bloomberg Law after speaking at a virtual conference on the role of regulation in financial health.
