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Statement from the Low Income Investment Fund on the OCC’s Final CRA Rule

On May 20, 2020 the Office of the Comptroller of the Currency (OCC) issued a final rule on regulations governing the Community Reinvestment Act (CRA). This rule comes just six weeks after more than 7,500 comment letters were submitted in response to the agency’s proposed changes to CRA – including a letter of opposition from…

CEOs of Four National CDFI Loan Funds Comment on CRA Rulemaking

Oversimplified CRA metrics would damage local responsiveness and lessen social impact Joint statement by LIIF CEO Daniel A. Nissenbaum, Capital Impact Partners President and CEO Ellis Carr, IFF CEO Joe Neri and Reinvestment Fund President and CEO Don Hinkle-Brown We are deeply concerned by Comptroller Joseph Otting’s proposed changes to the Community Reinvestment Act (CRA), the…