Hi ,

The OCC's Acting Comptroller of the Currency Michael Hsu and NCRC President and CEO Jesse Van Tol will hold their online conversation today!

Don't miss this unique opportunity to hear directly from the federal banking regulator leadership about what to expect in 2022, including an update on a jointly-made Community Reinvestment Act rule.

The online event will be at 1 pm ET today!

Hsu will also answer questions from NCRC members.

The OCC plays a crucial role in the work we all do to ensure the government keeps the promises it made in CRA. The opportunity to engage with Acting Comptroller Hsu is especially exciting at this key moment for our coalition. NCRC research has shown that the majority of communities that were redlined in the 20th Century are still lower-income and also predominantly communities of color.

It’s time for new CRA rules and tougher enforcement. It appears the OCC is on track to propose new rules jointly with the other agencies that supervise banks, the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC). 

We also look forward to learning how the OCC can ensure bank mergers take community needs to heart, and are not just attempts to further boost shareholder profits – especially as NCRC’s research into bank branch closures across the US during the pandemic exposes some worrisome trends. One thing we know for certain: bank mergers cause bank branch closures, and bank mergers are happening at a rapid pace.

You do not want to miss this discussion, and there's still time to register!