Community Reinvestment Act

Acting Comptroller of the Currency Brian Brooks said the new Community Reinvestment Act is a “powerful tool” in supporting underserved populations. The post Opportunity Zone’s Potential Touted by HUD, OCC appeared first on DSNews.

Maxine Waters, Chairwoman of the House Committee on Financial Services, said previously the rule would give funding to institutions that were active in Opportunity Zones without ensuring they benefited the communities. The post Community Development Found to be Largest Value of CRA appeared first on DSNews.

Legislation has already been introduced to reverse the new CRA rule created by the OCC as researchers express their own concerns with the rule. The post Study: Fewer Loans to Be Assessed Under Revised CRA Rule appeared first on DSNews.

The Chairwoman of the House Financial Services Committee said the former Comptroller of the Currency’s ruling will result in disinvestment in many communities across America. The post Maxine Waters: OCC Rushed Out ‘Harmful Rule’ For CRA appeared first on DSNews.

The analysis continued by saying African-American are five times more likely to own a home in redlined areas. The post Redlining Results in 52% Less Home Value for Homeowners appeared first on DSNews.

The Comptroller of the Currency said further delays would “prevent these valuable resources” from reaching distressed areas. The post OCC Intends to Move Forward with CRA Changes appeared first on DSNews.

Chairwoman Maxine Waters said updates to the bill would turn it into the “Community Disinvestment Act.” The post Financial Services Committee Voices Opposition to Changes to CRA appeared first on DSNews.

The Chairwoman of the Hosue Financial Services Committee noted she is concerned over “fraudulent comments” made about the measure. The post Maxine Waters Voices Concerns With Community Reinvestment Act appeared first on DSNews.