February 21, 2020

By Andrew Ackerman, The Wall Street Journal

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WASHINGTON— Joseph Otting, a top U.S. regulator, is personally lobbying bank chiefs to win support for his signature initiative: an overhaul of rules governing hundreds of billions of dollars in lending to low-income areas.

Mr. Otting, the comptroller of the currency, has reached out to some of the country’s most prominent bank chief executives this month. They include JPMorgan Chase & Co.’s James Dimon, Bank of America Corp. ’s Brian Moynihan and more than a dozen other bank chiefs, according to people briefed on the conversations.