cra

Last week U.S. Rep. Jim Oberstar expressed catty concern about whether voices Rep. Michele Bachmann hears are entirely divine. On Wednesday, another Democrat from Minnesota’s congressional delegation worried about the voices Bachmann is not hearing. She “uses her time at financial services to attack CRA,” Keith Ellison wrote on Twitter (referring to her repeated gripes [...]

In a speech last week John Dugan, comptroller of the currency, issued a strong defense of the Community Reinvestment Act — a direct response to CRA critics such as U.S. Rep. Michele Bachmann, R-Minn., who have laid blame for the current housing crisis on anti-redlining legislation.