DSNews, June 30, 2020: Legislation to Reverse CRA Changes Approved by House
The U.S. House of Representatives Monday passed a Congressional Review Act aimed at reversing a rule altering the Community Reinvestment Act (CRA).
The rule in question was finalized by the Office of the Comptroller of the Currency (OCC) in May and has received praise from some in the industry as well as sharp criticism, particularly from Rep. Maxine Waters, Chairwoman of the House Financial Services Committee.
