Tell the OCC and FDIC: Do Not Weaken the Community Reinvestment Act!
By National Urban League
Published10 PM EST, Fri Nov 22, 2024
Right now, Trump administration bank regulators are proposing changes that would substantially weaken the Community Reinvestment Act (or CRA). This law was enacted in 1977 to combat discriminatory redlining practices by banks who refused to extend credit and loans for homes and small businesses in the very low-and-moderate income communities where they reside. This practice disproportionately impacts African-American communities across this country, locking generations out of the American Dream!
We cannot allow the CRA to be weakened.
Let’s send a strong message to banking regulators to #ProtectCRA!
JOIN US in our goal of submitting over 200 public comment to their offices by April 6th !