THE WALL STREET JOURNAL

Afterward, Paulina Gonzalez, the head of the community group leading the charge, approached Mr. Mnuchin seeking a truce that included the bank setting aside billions of dollars more for lower-income communities, under a law called the Community Reinvestment Act, or CRA. “I hope we can figure this out,” she said. “No. We’re done,” Ms. Gonzalez recalls Mr. Mnuchin telling her before walking away.