WASHINGTON - Federal Reserve Governor Lawrence B. Lindsey on Monday urged Congress to allow banks to make equity investments in low- and moderate-income communities.

"We need to increase the reward for lenders willing to lend where others are not," Mr. Lindsey told attendees at the National Reinvestment Training Institute's national conference here.

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.