Maxine Waters, Chairwoman of the House Committee on Financial Services, said previously the rule would give funding to institutions that were active in Opportunity Zones
Legislation has already been introduced to reverse the new CRA rule created by the OCC as researchers express their own concerns with the rule. The
The Chairwoman of the House Financial Services Committee said the former Comptroller of the Currency’s ruling will result in disinvestment in many communities across America.
The analysis continued by saying African-American are five times more likely to own a home in redlined areas. The post Redlining Results in 52% Less
Chairwoman Maxine Waters said updates to the bill would turn it into the “Community Disinvestment Act.” The post Financial Services Committee Voices Opposition to Changes
The Chairwoman of the Hosue Financial Services Committee noted she is concerned over “fraudulent comments” made about the measure. The post Maxine Waters Voices Concerns