WASHINGTON, Oct. 15 -- The Senate Small Business & Entrepreneurship Committee issued the following news release:
Ranking Member Edward J. Markey (D-Mass.) and Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking Committee sent a letter to Comptroller of the Currency (OCC) Jonathan Gould and Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill to oppose a proposed rule that would harm American small businesses. The proposed rule would undermine Community Reinvestment Act (CRA) goals that require banks to invest in their local communities. These changes would leave small businesses, especially those in underserved areas, with less access to the capital and resources they need to start and grow their businesse...