Despite its many other priorities, the Clinton administration is moving ahead on its community development agenda. This includes urban revitalization, elimination of mortgage bias, creation of a new community development fund, and toughening the Community Development and Reinvestment Act of 1977.

For banking, the key question is whether this program will add to or alleviate the industry's own problems - increased regulatory burdens, reduced profit margins, and diminished loan portfolios.

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.