The Hill, June 9, 2020: Warren urges bank regulator to scrap anti-redlining rule rewrite
Sen. Elizabeth Warren (D-Mass.) is urging a top federal bank regulator to scrap a controversial rewrite of anti-redlining regulations released by his predecessor last month and recuse himself from any attempt to issue new rules.
In a letter to acting Comptroller of the Currency Brian Brooks released Tuesday, the senator called on the agency to withdraw new rules for banks to follow under the Community Reinvestment Act (CRA), a 1977 law intended to ensure that banks lend to and serve low-income and majority-minority areas.
