Banking On Small Business Can the Community Development Bank Model Serve Small

Cover Banking On Small Business Can the Community Development Bank Model Serve Small
Banking On Small Business Can the Community Development Bank Model Serve Small
Business Opportunities United States Congress House Committee On Small
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I think, though, if CRA was working and the regulators were, in fact, enforcing it, we would have a quantum difference in the lending landscape, particu- larly as it relates to working class Americans, minorities, and women. But I think, given the conditions we now find ourselves in where many of these institutions years ago pulled out of these com- munities, some new initiatives, some special help, some extra thinking and initiatives need to be developed in order to address a lot of these prob...lems.
But I think still, given the suggestions of Dr. Papadimitriou and Mr. Vitarello, any of these suggestions would work quantifiably better if we had the primary lending community in this country, the existing financial institutions, and, for that matter, insurance companies and pension funds, involved in the business of investing fairly, equally, and aggressively in all of America, and including its low-income and minority neighborhoods.
Chairman Wyden. Now, you all with the Reinvestment Coalition are doing lots of useful work and you are out talking to these insti- tutions.


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