Warren W. Traiger quoted in Wall Street Journal article, “Fed moves to overhaul lending rules for poorer communities”
Wall Street JournalWarren W. Traiger
Warren W. Traiger was quoted on September 21, 2020 in a Wall Street Journal article, “Fed moves to overhaul lending rules for poorer communities,” which discussed the Federal Reserve’s steps to rewrite rules for lending and investment in lower-income neighborhoods, and the criticism of the OCC’s rule that banks would satisfy their CRA responsibility through several large investments or loans as opposed to many small-dollar loans to individuals.
Traiger noted, “The Fed is very cognizant of that. They emphasize individual loans to consumers rather than large community development or infrastructure loans.”
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