The Community Reinvestment Act (CRA) is one of the most important tools communities have to hold banks accountable for investing, lending and providing services in low- and moderate-income communities. Now, a new proposal from federal regulators would weaken those obligations while reducing transparency and accountability.
The proposal puts an estimated $71 billion to $87 billion a year in community development financing at risk — financing that supports affordable housing, economic development, community services and underserved communities. This webinar will help you understand what the proposed changes could mean for your community and how you can take action before the October 13 public comment deadline.
Don’t wait to take action: Visit ncrc.org/cra to see what’s at risk in your state and use that data to submit a comment to federal regulators.