The community lending hearings held by the bank and thrift regulators in late August made two issues clear.

First, the hearings revealed that community development is not a logical or humane issue. Rather, it is a political issue, with special interests arguing from a very specific and narrow perspective.

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.