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Community Reinvestment Act Rewrite Needed for Digital Banks
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Community Reinvestment Act Rewrite Needed for Digital Banks

Community Reinvestment Act Rewrite Needed for Digital Banks

Todd Anderson·
FintechNews RoundupUSA
·Apr. 19, 2018·1 min read

Rewriting the Community Reinvestment Act is a welcomed sign by banks like Ally Bank who does not use branches and misses out on benefits awarded to banks with branch networks; focusing on where banks lend would be a better way to assess potential credit instead of where the bank is physically located. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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