CFA joined two separate coalition comments to the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively “the agencies”) on the proposal to amend regulations implementing the Community Reinvestment Act of 1977 (CRA).

In one set of comments, organizations urged the agencies to further expand the list of climate-related eligible activities under the CRA, explicitly utilize race as a metric in CRA examinations, encourage banks to increase community engagement and relationship building with climate and environmental justice organizations, consider how bank investments contribute to climate change, and to not raise the small and intermediate small bank asset thresholds.