Federal Regulators Propose Changes to Community Reinvestment Act, Raising Concerns for Underserved Communities

The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) have proposed significant revisions to the Community Reinvestment Act (CRA). Critics, including the National Community Reinvestment Coalition, warn that the proposed changes could weaken banks' obligations to invest in low- and moderate-income neighborhoods and reduce access to capital for underserved communities, including Indian Country.