Comment Letter: Reforming the Community Reinvestment Act Regulatory Framework

The Center for Financial Services Innovation submitted these comments to the Office of the Comptroller of the Currency in response to the Advance Notice of Proposed Rulemaking (ANPR) regarding the best ways to modernize the implementation of the Community Reinvestment Act (CRA).

The Center for Financial Services Innovation (CFSI) submitted these comments in response to the Advance Notice of Proposed Rulemaking (ANPR) regarding the best ways to modernize the implementation of the Community Reinvestment Act (CRA). We recognize the importance of CRA in helping financial institutions support the financial health of their customers and their communities. We believe that financial services can be a force for good in people’s lives and that meeting consumers’ needs responsibly creates safety and soundness for both providers and consumers.