Day: June 13, 2018

Regulator found 20,000 bad accounts at major banks. We still don't know which ones

During Wednesday’s hearing, Otting discussed a few specific goals, including easing or streamlining banks’ reporting requirements for anti-money laundering laws and giving banks a clearer set of goals under the Community Reinvestment Act, a law consumer advocates see as a bulwark against redlining and other discriminatory lending practices.