CRA Q&A Comments

Recently, Greenlining submitted formal comments responding to the FDIC, Fed, and OCC’s proposed revisions to the Community Reinvestment Act (CRA) Q&A. The CRA Q&A is used to guide banks on how to structure CRA investments; and examiners on how to analyze these and other activities.

Greenlining’s comments included: a push to improve measurements for how banks meet community financial needs; adding racial and ethnic data to CRA; and including language access as a method for increasing access to financial services.

Attached please find formal comments submitted on November 10, 2014.

To read the comments, click here.

Economic Growth Recovery & Paperwork Reduction Act Hearing

Last week, Greenlining, along with other community advocates, testified before OCC Comptroller Curry, FDIC Chairman Gruenberg, and other regulatory agency representatives to discuss outdated and burdensome financial regulations. Over the next year, financial regulators will hold hearings across the country to hear from industry, advocates and the public on this matter.

Attached please find Sasha Werblin’s, Economic Equity Director, formal comments expressed during the consumer advocate panel. Key recommendations focused on modernizing the Community Reinvestment Act to ensure that it reflects the the 21st Century financial services sector.

The hearing took place at the San Francisco Federal Reserve Bank in Los Angeles on December 2, 2014.

To read the testimony, click here.
Click here to watch a video of the consumer panel.
Click here for all of the panels.

Greenlining and Allies File Comment Supporting HUD’s Continued Housing Discrimination Data Collection

The Greenlining Institute, together with Consumer Action, Demos, Empire Justice Center, National Fair Housing Alliance, National Consumer Law Center (on behalf of its low-income clients), National Council of La Raza, and Woodstock Institute, filed this public comment with the Department of Housing and Urban Development (HUD). Currently, those injured by a discriminatory housing practice may file a complaint with HUD within a year after the discrimination through a form offered by HUD. We urged HUD to continue to collect data through the Form, offered in different languages, and in paper and electronic format, as an important procedure that helps protect underserved communities from housing discrimination.

To read the comment, Click Here.

Greenlining Asks the FCC to Delay Net Neutrality Vote to Protect Consumers

The Federal Communication Commission’s (FCC) Anti-Net Neutrality proposal will see the FCC hand its consumer protection duties to the Federal Trade Commission (FTC). However, a pending court case makes it unclear whether the FTC has jurisdiction over anti-consumer actions by telecom companies like AT&T. Consumer groups like Greenlining and Public Knowledge sent a letter to the FCC asking it to protect consumers and delay the Net Neutrality vote until this legal issue is determined by the courts.