Rep. Meeks and 32 House Democrats Urge Federal Banking Agencies to Strengthen Community Reinvestment Act Rules
From The Office Of Congressman Greg Meeks
"It is paramount that any changes strengthen, not relax, the responsibilities banks have to the communities that trust them with deposits..."
Washington, D.C.— Congressman Gregory W. Meeks (NY-05) led 32 other House Democrats, including members of the House Financial Services Committee, on a letter (below) to Secretary of the Treasury Steven T. Mnuchin and Comptroller of the Currency Joseph M. Otting.
The letter urges the administration to prioritize the interests of underserved communities as they update federal regulations under the Community Reinvestment Act (CRA).
“For decades now, the Community Reinvestment Act (CRA) has ensured access to capital for millions of Americans from all backgrounds, income levels, and geographic areas,”