A Green Light for Banks to Start ‘Redlining’ Again

The New York Times
Friday, September 14, 2018

The Community Reinvestment Act, passed in 1977, has encouraged investment in previously neglected neighborhoods, specifically helping minority communities. Now, the Trump administration is proposing changes to that law in the hopes of simplifying it. While many in the industry do welcome change, the NCRC's Jesse Van Tol explains how all this may be for the worse.