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Catherine Cortez Masto: “In March, the Federal Reserve, together with the FDIC and…”

Featuring: Catherine Cortez Masto, Democratic | U.S. Senate from Nevada

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Senator Catherine Cortez Masto Questions Federal Reserve on Data Access and Community Banking Challenges

Published | Video Starts at 02:01

Or is there a funding impediment that is also addressing this? No. Okay. If you could. We're moving ahead with it. We'll come back to you. Okay, thank you. In March, the Federal Reserve, together with the FDIC and OCC, announced that you all intend to repeal the 2023 Community Reinvestment Rule. Proposed. Excuse me. Reinvestment act, proposed rule. I prefer the proposed rule as it would better address the needs of states like, like Nevada that don't have headquarters of large banks. (02:01–02:12)

CLAIM

Asserts that the Federal Reserve, FDIC, and OCC announced plans to repeal the 2023 Community Reinvestment Rule.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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