Yahoo! Finance, February 27, 2020: Trump’s banking regulator to critics of community lending reform: ‘Bring it on’
One of the nation’s top banking regulators says he embraces the debate over community lending laws, urging critics to publicly comment on his agency’s efforts to reform the Community Reinvestment Act.
“Bring it on and give us the comments that you don’t like those attributes,” Comptroller of the Currency Joseph Otting told Yahoo Finance in an exclusive interview on Tuesday. “That’s the purpose of the comment period.”
The National Community Reinvestment Coalition alleges that the changes would result in fewer loans and investments to low- and moderate-income communities needing the capital the most.
