OCC’s Otting Gets Educated During Urban Bus Tour

As a silver tour bus carrying community activists, bankers and government officials wound through the busy streets of Jamaica, Queens, one question jumped out at Comptroller of the Currency Joseph Otting: where were the banks?

Otting was on the third stop of a five-city bus tour aimed to sell his vision for a rewrite of the rules governing the Community Reinvestment Act, a 1977 anti-redlining law aimed at boosting banks’ lending and investments in low- to moderate-income communities. He also sought to learn more about the communities the law is intended to help.

The former CEO of OneWest Bank discovered ...