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One of the Trump administration’s signature changes to banking rules is being rescinded a little more than a year after it was put in place.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