The efficacy of the Community Reinvestment Act reform plan published by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. was a central theme during Comptroller Joseph Otting’s latest hearing before the House Financial Services Committee.
Otting took the opportunity to attempt to clarify how aspects of the proposal will benefit low-to-moderate-income communities and to dispel misconceptions about the reform plan.
Learn more about the insights that came out of the hearing.