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.