Testimony of Marva Williams, Woodstock Institute Senior Vice President requesting conditional approval of the H& R Block application to become a de novo thrift regulated by the OTS. Approval should only be granted if H&R Block makes a commitment to affirmatively address the lending patterns of H&R Block's subprime affiliate, Option One, commit to reducing the impact of refund anticipation loans on recipients of the Earned Income Tax Credit, and several other issues.
Marva Williams, Woodstock Institute Senior Vice President, states that Woodstock Institute neither supports nor opposes the proposed acqusition of Bank One by New York based JP Morgan Chase. She also states that federal banking regulators should take a bank's performance under a community reinvestment agreement into consideration during their ongoing CRA public examinations.
Marva Williams, Woodstock Institute Senior Vice
President, testifies before the Chicago City Council Committee on
Finance on the impact of the proposed merger of Bank One and JP Morgan
Chase. Her testimony includes a summary of Bank One's previous
CRA agreement and the new Memorandum of Understanding of Community
Reinvestment Goals.
Marva Williams, Woodstock Institute Senior Vice
President before the U.S. Senate Committee on Banking, Housing, and
Urban Affairs discussing the development of affordable transaction
accounts to help lower income people access the financial
mainstream.
