Treasury Secretary Robert E. Rubin lauded the banking industry Thursday for dramatically boosting investment in economically distressed neighborhoods.

Speaking in New York at a Rainbow/Push Coalition conference on expanding economic opportunities for minorities and women, Mr. Rubin said large commercial banks have "increased enormously" their community development lending.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.