Comptroller of currency defends rewrite of anti-redlining act during Beale forum
Joseph Otting, U.S. Comptroller of the Currency, talks to a group of bankers and local business owners at the Withers Gallery on March 6, 2020, after a tour of Memphis sites with John Hope Bryant of Operation HOPE. Otting is proposing a controversial rewrite of the Community Reinvestment Act that redlines regulations and allows banks more latitude. (Jim Weber/Daily Memphian)
Joseph Otting said the Community Reinvestment Act is overdue for revisions that reflect 21st century banking. But some of those at the Memphis forum were skeptical that it would increase bank investment in low-income areas given other changes on other fronts from the Trump administration.
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Community Reinvestment Act Joseph Otting John Hope Bryant Eric Robertson Jim StricklandBill Dries on demand
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Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for more than 40 years.
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