Enacted in 1977, the Community Reinvestment Act (CRA) encourages banks to help meet the credit needs of their local communities. The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation are seeking feedback on proposed rules for modernizing the law to make it more effective.
Hosted by a national coalition of Native organizations, in conjunction with the Center for Indian Country Development, this virtual educational session will explore how the CRA Notice of Proposed Rulemaking could more effectively address the investment and credit needs of Native communities, citizens, and businesses. This session, along with the formal listening session on July 19, is an opportunity to directly impact the flow of capital to Indian Country and is designed to educate and empower your voice, regardless of your prior knowledge about the CRA.
Tribal leaders, citizens, and businesses may submit written comments on or before August 5, 2022, by following the submission instructions in the Federal Register Notice.