Throughout the month of July, a national coalition of Native organizations, in conjunction with the Center for Indian Country Development (CICD), will host a series of virtual sessions on how the Community Reinvestment Act (CRA) Notice of Proposed Rulemaking (NPR) could more effectively address the investment and credit needs of Native communities, citizens, and businesses. This series will end with a formal listening session with federal regulators to receive your input. These sessions are an opportunity to directly impact the flow of capital to Indian Country and are designed to educate and empower your voice, regardless of your prior knowledge about the CRA.
CRA NPR Educational Session:
Tuesday, July 12, 2022, from 2:30 to 4:00 p.m. EDT
CRA NPR Formal Listening Session:
Tuesday, July 19, 2022, from 2:30 to 4:00 p.m. EDT
Enacted in 1977, the CRA encourages banks to help meet the credit needs of their local communities. The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) are seeking feedback on proposed rules for modernizing the law to make it more effective. At the formal listening session, representatives of the banking agencies will highlight the proposed rule’s Native-related provisions and receive comments from session attendees. Tribal leaders, Native Citizens, and Native Businesses are encouraged to provide written comments on or before August 5, 2022, by following the submission instructions in the Federal Register Notice.