Warren W. Traiger quoted in Banking Dive article, “Community groups plan to sue OCC over CRA revamp”
Banking DiveWarren W. Traiger
Warren W. Traiger was quoted on May 26, 2020 in a Banking Dive article, “Community groups plan to sue OCC over CRA revamp,” regarding the Office of the Comptroller of the Currency’s CRA final rule, which has angered community groups that believe it would allow banks to lend less to lower-income communities.
Traiger said, “The rule won't take full effect for several years, and won't have an immediate impact on banks. Most banks will wait for the results of the November presidential election before gearing up for any changes.”