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Regulators Look to Revamp Rules Under Community Reinvestment Act
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Regulators Look to Revamp Rules Under Community Reinvestment Act

Regulators Look to Revamp Rules Under Community Reinvestment Act

Fintech Nexus Staff·
FintechNews RoundupUSA
·Jan. 11, 2018·1 min read

The Community Reinvestment Act is a law that was first enacted in 1977; The Trump Administration is going to unveil plans to change the law which has some community groups concerned since the act historically prevented banks from just serving wealthy customers; some banks say that the rules haven’t kept up with technological innovation. Source

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