Armed Polite Society
Main Forums => Politics => Topic started by: MechAg94 on January 15, 2021, 08:32:37 PM
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There’s a new bank regulation to bar discrimination in lending. The Biden administration will likely overturn it
https://www.washingtonexaminer.com/opinion/theres-a-new-bank-regulation-to-bar-discrimination-in-lending-the-biden-administration-will-likely-overturn-it
Large banks (small banks aren’t covered by this rule) that want to cut off financing to entire lines of business must “show their work,” under this rule. As CNBC describes it: “The rule requires covered banks to make products and services available to all customers in the communities they serve, based on consideration of quantitative, impartial, risk-based standards established by the bank.”
This isn’t about microbreweries, though. It’s about oil, gas, and guns — for now. Soon enough, it will be about publishers, tech platforms, and whatever else the Left’s culture warriors decide to cancel in the Great Deplatforming.
Activist investors have been pushing banks to divest from fossil fuels, gun-makers, and stores that sell guns. They are increasingly succeeding, and as Democrats take over government, you can bet that the banks will feel political pressure to cancel oil, gas, and guns.
Wall Street Fumes at 11th-Hour Rule From Trump Bank Watchdog
https://www.bloomberg.com/news/articles/2021-01-14/wall-street-fumes-over-last-minute-rule-from-trump-bank-watchdog
Similar to the other thread about H1B Visas, it would have been nice to put this through 4 years ago. Hope this one hangs around longer than that first author thinks.
The other comment I heard is I never heard of Office of the Comptroller of the Currency.
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I'm suddenly becoming quite interested in cryptocurrency.
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Similar to the other thread about H1B Visas, it would have been nice to put this through 4 years ago. Hope this one hangs around longer than that first author thinks.
My thought exactly.
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I'm suddenly becoming quite interested in cryptocurrency.
Commodities in hand would like be more useful. Bartering is going to make a come back when we're cut off from all electronic banking.
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This is the kind of thing Trump should have done at the start of his term,not the end. :facepalm: