We need to ensure real financial inclusion for all communities in the CRA.
The Community Reinvestment Act (CRA), passed in 1977 in response to redlining, creates a continuing and affirmative responsibility for banks to make loans and investments in the communities where they do business, including low- and moderate-income communities, communities of color, and rural areas.
The Federal Deposit Insurance Corp. (FDIC), Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC), are updating the rules that implement the legislation, the first joint update in almost 30 years.
Please have your organization sign on to the Illinois CRA Coalition’s recommendations for shaping these implementing rules and making the CRA into a more effective tool to increase financial inclusion for all communities.
We'll be accepting organization signatures until 12:00 p.m. CT on Thursday, August 4, 2022.
Click here to read the letter.
This letter was drafted by Housing Action Illinois, Woodstock Institute, and the Small Business Majority on behalf of the Illinois CRA Coalition. Feel free to reach out with comments or questions to Jane Doyle at jdoyle@woodstockinst.org or James Miller at james@housingactionil.org.
Please complete the form below to sign the letter as an organization or as an elected official.
Individuals are encouraged to use our letter as a template and submit your comments via this easy-to-use comment portal »
Thank you!
