HUD HQ viewed through a circle from the plaza in front of building

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