CFE Comment Letter to the FDIC on Reform of the Community Reinvestment Act

The CFE Fund submitted a comment letter to the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency in response to their request for comment on the proposed reform of the Community Reinvestment Act (CRA). The letter expresses the CFE Fund’s concern that a change to the CRA evaluation methodology that focuses purely on quantifiable CRA activities may undermine support for broader financial inclusion efforts that are more difficult to value, such as increasing access to safe and affordable banking accounts and investments in account opening partnerships.