Regulators should stop giving Community Reinvestment Act credit to banks that charge inner-city customers to cash checks.

That was the view expressed by members of the Federal Reserve Board's Consumer Advisory Council, a diverse group of bankers, activists, and academics who meet three times a year to debate regulatory issues.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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