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Article: Currency boss calls for reinvestment review.(FINANCE)
- Article from:
- Real Estate Weekly
- Article date:
- March 12, 2008
CopyrightCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Comptroller of the Currency John C. Dugan spoke of the need for revisions to the Community Reinvestment Act and national banks' public welfare investment authority to help areas plagued by foreclosures on a tour of bank initiatives and community development projects in New York last week.
Dugan saw first hand how local organizations and national banks can make a big difference in their communities. On a visit to Harlem and the Bronx, he saw a number of housing and community development projects as well as several initiatives at neighborhood banks, including a bank branch run by the students of Theodore Roosevelt High School.
"These investments and ...