Horacio Mendez’s opinion piece highlights an opportunity for federal bank regulators to raise the bar in grading banks reinvestment performance.
I’m the first leader of the nearly 50-year-old economic equity and anti-redlining advocacy organization Woodstock Institute to come to that position after decades of experience as a regulator and banker.
As a result, I see the failure to provide all Americans equitable access to economic opportunity from multiple perspectives. The timing of a discussion surrounding this failure is important given that the federal bank regulatory agencies are considering how best to reform the 45-year-old Community Reinvestment Act, a law born from activism started in my organization’s home city of Chicago.
Read the rest of the column at American Banker