The current debate around changes to the Community Reinvestment Act should include discussions about how the law can be used to better support low-income communities in remote areas.
The banking industry has long been critical of the government-sponsored enterprise, but the system could provide valuable banking services to large swaths of the country currently lacking access to them.
Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission.
