The Senate has recently passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, which would roll back financial regulations instituted after the recession. If passed by the House and signed by the President, the Act would reduce the money and resources smaller lenders currently spend on compliance. Savannah Now spoke with Robert James II, President of Carver State Bank, on the impact such legislation would have on CDFI banks. "It really makes sense for smaller banks," said James. "We serve the distressed community, the poorest in Savannah. We make church loans, the mortgages, the loans other banks won't." He said the biggest impact of this legislation on banks like Carter would be the change in how large deposits are treated.