Opportunity Finance Network and many of OFN members responded to the Office of Comptroller of the Currency’s (OCC) request for advice on reforms to the CRA regulatory framework.
On October 23, OFN was invited to brief the Chairman of the Federal Reserve Board of Governors, Jerome Powell, on the state of community development finance, and to provide recommendations for reforming the Community Reinvestment Act (CRA).
Today OFN issued a statement following the U.S. Department of Treasury's recommendations to modernize the Community Reinvestment Act (CRA).
Next City reports on nearly $20 billion in CRA is promised by three banks from three different regions.