Ceres has submitted comments to the Federal Reserve Board of Governors (Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) urging the three agencies to modernize the Community Reinvestment Act (CRA) by explicitly incorporating racial equity and strengthening crucial environmental and climate provisions. Enacted in 1977 as part of a series of civil rights laws designed to expand access to credit and address discriminatory lending practices, the CRA requires federal banking regulators to encourage banks and other financial institutions to help meet…
Read MoreCeres calls on federal banking regulators to strengthen racial and climate equity in the Community Reinvestment Act
