Indian Life Newspaper -

Final Rule for Community Reinvestment Act features landmark provisions for Indian country

 

Last updated 6/15/2020 at 5:17pm

NCAI

Kevin Allis is CEO of NCAI.

WASHINGTON, D.C.-In late May, the Office of the Comptroller of the Currency (OCC) released the much-anticipated Final Rule modernizing the Community Reinvestment Act (CRA), a regulatory framework that features landmark provisions designed to incentivize increased access to capital and credit for tribal governments, communities, and citizens.

Leading up to the release of the Final Rule, NCAI, the Native American Finance Officers Association (NAFOA), and our partners had closely engaged the OCC and Federal Deposit Insurance Corporation for more than two years about how best to modernize the C...



For access to this article please sign in or subscribe.



 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019