[COVID-19\Financial Crisis]
Last week, the FDIC Inspector General issued a new report warning about multiple weaknesses in FDIC’s crisis readiness policies, procedures, and training, raising questions about whether the agency is prepared for the potential financial consequences from the coronavirus crisis.
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[Banking &Financial Services\Comminity Reinvestment Act]
Rep. Waters:“The Community Reinvestment Act is a critical law… Any proposed changes to the implementation of the law must not be rushed.”
Photo: Facebook
[Consumer Protection]
Congresswoman Maxine Waters: “Since your confirmation as Consumer Bureau Director, you have undertaken a series of actions that have undermined the Consumer Bureau’s mission to protect consumers.”
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[Banking\FDIC]
Rep. Nydia M. Velázquez: “Simply put, the Trump Administration is letting banks off the hook and diluting a program that is vital to preventing racist discrimination in the financial services sector.”
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