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Finance & Commerce: Regulator to start fresh on an anti-redlining rule

Finance & Commerce, July 21, 2021, Regulator to start fresh on an anti-redlining rule

One of the Trump administration’s signature changes to banking rules is being rescinded a little more than a year after it was put in place.

Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit group that pressures banks to increase their activities in poorer neighborhoods, said he was pleased that the agency was “finally turning the page on this terrible rule.”

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