Morning Consult, January 29, 2020: Waters vows subpoena on OCC Community Reinvestment Act proposal
House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) promised to subpoena the data used to develop the Office of the Comptroller of the Currency’s proposed rewrite of the Community Reinvestment Act, if the agency doesn’t provide it willingly.
Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, said his group has already submitted a Freedom of Information Act request for the data.
“The OCC is supposed to work in the public’s interest,” he said, “and the American public deserves a chance to review the government’s own data and analysis before the OCC pushes ahead with new rules based on it.”
