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NAFOA, in conjunction with the Center of Indian Country Development (CICD)  invites you to “Join Us for Voices of Native Communities and Tribes: A Listening Session on CRA Proposed Rulemaking” on Thursday, July 7th from 12:00pm – 1:15 pm Eastern Time.

You are invited to a virtual discussion and listening session on how the Community Reinvestment Act (CRA) proposed rulemaking could more effectively address the investment and credit needs of Native communities.

Enacted in 1977, the CRA encourages banks to help meet the credit needs of low- and moderate-income communities and households. The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) are seeking feedback on proposed rules for modernizing the law to make it more effective, and their proposal includes a request for feedback from Native citizens and businesses. At this session, Federal Reserve staff will highlight the proposed rules’ Indian Country-related provisions and will listen to and note comments from session attendees. Native citizens and businesses and tribal leaders will be encouraged to provide written comments about the proposed rules.