Law360, New York (June 15, 2017, 8:30 PM EDT) -- President Donald Trump's Treasury Department said Monday that revisiting a 1977 law aimed at boosting bank lending and branches in poor neighborhoods was a "high priority," but backers of the Community Reinvestment Act fear that any move by this administration would be aimed at weakening, not modernizing, the law.
Critics and some backers of the Community Reinvestment Act say that the law does not take into account mobile banking and the decline of branch networks among a host of other updates needed to meet the realities of banking in 2017.
While there is some agreement on policy, the politics of reworking...
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