The Greenlining Institute submitted a comment letter in response to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation's proposed changes to the Notice of Proposed Rulemaking (NPR) to the Community Reinvestment Act (CRA). The Greenlining Institute submits this letter in support of modernizing and strengthening the CRA, while maintaining the original intent of the law: to combat redlining and discrimination in the financial sector. We highlight that the proposed rule does not meet the original spirit of the CRA and should not be adopted into law. We emphasize that changes to the CRA should focus on strengthening the law by adopting a focus on racial inequity and driving more investments to communities of color.

Author