Sen. Menendez Urges FDIC Head Not to Weaken CRA
December 05, 2019
December 05, 2019
WASHINGTON, Dec. 5 -- Sen. Robert Menendez, D-New Jersey, issued the following news release:
During a hearing in the Senate Banking Committee today, U.S. Senator Bob Menendez urged Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams that any potential Trump Administration changes to the Community Reinvestment Act (CRA) must prioritize the best interests of underserved communities and consumers, not banks. The CRA, passed by Congress in 1977 and reviewed in 1995 . . .
During a hearing in the Senate Banking Committee today, U.S. Senator Bob Menendez urged Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams that any potential Trump Administration changes to the Community Reinvestment Act (CRA) must prioritize the best interests of underserved communities and consumers, not banks. The CRA, passed by Congress in 1977 and reviewed in 1995 . . .