Cities for Financial Empowerment Fund
The CFE Fund helps mayors with strategies developed for cities … by cities.
The Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) released a Notice of Proposed Rule Making regarding the future of Community Reinvestment Act (CRA) rules.
The CFE Fund submitted comments on the proposed future rulemaking, urging regulators to consider the multi-sector Bank On successful partnerships, and highlighting the important role of mainstream deposit products in opportunities like credit building and broader financial stability. Read the comment letter here.