Last week, I submitted a letter to Comptroller Joseph M. Otting discussing the ways in which the private, social, and public sectors could better accelerate equitable investment into low- and moderate-income communities.
I addressed the letter to Comptroller Otting of the Office of the Comptroller of the Currency (OCC) because he is the leading regulator to all national banks. A couple months ago, the OCC issued a notice inviting the public to comment on their proposal “for building a new framework to transform… (and) modernize the regulations that implement the Community Reinvestment Act of 1977 (CRA)”. I could not sit back and pass up the opportunity to share my thoughts on their proposal.
If interested in reading my letter please click here or view my thoughts below.
If you have any comments or questions, please do not hesitate to reach out!
All the best,