Joseph Otting

Will proposed CRA rule help or hurt Black America?

Charlene CrowellDecember 26, 2019

Amid the tinsel and garland celebrating the holiday season, two important federal financial regulators are planning how the future financial needs of low-and-moderate income (LMI) communities – including neighborhoods of color – will be met. In an effort to “modernize” the 1977 Community Reinvestment Act (CRA) on December 12 the board of the Federal Deposit Insurance Corporation (FDIC) endorsed a proposed Notice of Public Rulemaking (NPR) offered by the Office of the Comptroller of the Currency (OCC).

Federal Regulator Ready to Reform CRA But Won’t Say If Discrimination Exists

By Charlene CrowellJune 28, 2018

According to the report, Black consumers are the only racial/ethnic group that has made no appreciable progress in homeownership over the past 30 years.