Last week, the Office of the Comptroller of the Currency (OCC) launched a process to solicit advice from the public on changes to how the Community Reinvestment Act (CRA) is enforced. Some of the changes the OCC contemplates in their Advance Notice of Proposed Rulemaking (ANPR) could have profound ramifications for low-wealth communities and the CDFIs operating in these markets. Opportunity Finance Network encourages everyone who cares about access to capital, credit, and financial services in underserved communities to join us in actively participating in this important policy debate.  

In early August, OFN’s President & CEO, Lisa Mensah, and I were invited to a small meeting