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View Diary: What is happening with bank regulators? (31 comments)

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  •  The vast majority (none)
    of the banks in the $250 million to $1 billion range are located in rural areas.  In particular banks of this size are often the only "large banks" in a rural area, so the proposal will lessen the likelihood for community development investments in rural areas disproportionately.

    The regulators attempt to alleviate this by asking commenters to suggest better ways for banks to meet rural community development needs.  A real current problem is that some rural communities don't have specific LMI geographies like a city does, so it is harder to geographically target community development investments and lending.

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