Warren W. Traiger quoted in American Banker article, “Regulators' powerful incentive to fast-track CRA reform”
American BankerWarren W. Traiger
Warren W. Traiger was quoted on January 6, 2020 in an American Banker article, “Regulators' powerful incentive to fast-track CRA reform,” which discussed how the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. are seeking quick acceptance of their recommended changes to the Community Reinvestment Act, even though community and industry groups are pressing regulators to extend the public comment period for the proposed changes.
Traiger noted, “The industry wants to run these numbers and see what the impact of these metrics would be. That’s not something every CRA officer will readily be able to do. For community groups, the task is even harder. They may work with several banks in a given area, but lack access to granular CRA data.”
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