Emboldened by Trump, banks push to throw off old rule constraints

Emboldened by Trump, banks push to throw off old rule constraints

April 27, 2018, Reuters

Randy Benjenk is quoted in a Reuters article regarding the push by banks to revise rules they say are "outdated, costly, and hurt economic growth." According to Benjenk, consumer advocate groups may claim that changes to the Community Reinvestment Act rules could lead to discrimination of some groups of borrowers or create “banking deserts” where consumers do not have access to branches.