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Warren W. Traiger quoted in Law360 article, “Regulators unveil overhaul of community lending rules”

Law360

Warren W. Traiger

Warren W. Traiger was quoted on December 12, 2019 in a Law360 article, “Regulators unveil overhaul of community lending rules,” which discussed the proposal released by the FDIC and OCC calling for changes to the Community Reinvestment Act. The article reported that the  “proposal would establish a regulatory framework with the goal to encourage banks to conduct more CRA activities and to serve more of their communities, including those areas with the greatest need for economic development, investment, and financing needs.”

Traiger noted, “The proposal additionally calls for certain new data collection and record-keeping requirements to facilitate the new performance standards. Such requirements are never particularly well received, but the advantages of the agencies’ metrics approach may ultimately be viewed as outweighing the extra paperwork hassle.”

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