By Charlene Crowell Amid the tinsel and garland celebrating the holiday season, two important federal financial regulators are planning how the future financial needs of low-and-moderate income (LMI) communities – including neighborhoods of color – will be met.  In an effort to “modernize” the 1977 Community Reinvestment Act (CRA) on December 12 the board of ...

By Freddie Allen Editor-In-Chief, NNPA Newswire In an effort to rein in financial institutions that have track records for harming consumers, Rep. Maxine Waters (D-Calif.) recently unveiled The Megabank Accountability and Consequences Act (H.R. 3937). The new bill would require, “prudential banking regulators, such as the Office of the Comptroller of the Currency, the Federal ...