10/15/2026
JACL SUPPORTS NATIONAL CAPACD IN DEFENDING COMMUNITY INVESTMENT
JACL has submitted comments in support of National CAPACD’s efforts to protect and strengthen the Community Reinvestment Act (CRA), opposing proposed changes from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).
The CRA is a critical safeguard that helps ensure banks meet the credit and community development needs of the communities they serve, particularly low- and moderate-income communities and those that have historically faced barriers to investment. The proposed changes risk weakening these protections by limiting meaningful community development requirements, reducing support for affordable housing and Community Development Financial Institutions (CDFIs), restricting eligible community development activities, and reducing lending data needed to identify and address credit gaps.
JACL believes meaningful equality requires equitable access to the financial resources and institutions that help communities thrive. We stand with National CAPACD in supporting a strong, community-centered CRA that promotes economic opportunity, strengthens neighborhoods, and helps ensure historically underserved communities are not left behind.
Link to JACL's comments: https://drive.google.com/file/d/1trlYUxzbeqvZq2LEL2jrGRpUpKGn2yC8/view?usp=drivesdk
National CAPACD, alongside over 40 coalition members and national partners, submitted comments opposing proposed changes that would weaken the Community Reinvestment Act (CRA).
For decades, we have advocated for stronger bank accountability and equitable investments in historically underinvested and underserved communities, including access to affordable housing and small business capital.
We urge the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to withdraw the proposed changes and work with the Federal Reserve to develop a consistent CRA framework that strengthens, rather than weakens, investment in historically redlined and disinvested communities.
Read our full statement ➡️ link in comments