At Planet Money, a multimedia group of reporters tracks down the economists, investors and regular people who are making an attempt to make sense of the rapidly changing international economy. February 15, 2024 • In 2023, The Federal Reserve and other banking regulators announced they had been making changes to how they grade banks on servicing native communities. This all stems from a 1977 regulation referred to as the Community Reinvestment Act, which was designed to encourage banks to higher meet the wants of average and low-income debtors. However, main banking trade teams weren’t too excited in regards to the…
