Regulators propose overhaul to law governing how banks lend to low-and-middle income communities

The Trump Administration proposes overhauling the Community Reinvestment Act (CRA) to reduce the number of banks required to comply, redefining small banks to exclude those with under $1 billion in assets. The changes prioritize lending in specific communities over branch or deposit metrics and restrict donations to community groups, potentially impacting organizations like the National Community Reinvestment Coalition.