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Vol. I - Issue 9

NYS CDFIs - Your support is needed to overturn bad CRA Rule!


Chairwoman Maxine Waters (D-CA) and Subcommittee Chairman Gregory Meeks (D-NY) have introduced H.J. Res. 90 in the U.S. House of Representatives – a disapproval resolution that would overturn a bad rule on the Community Reinvestment Act (CRA) finalized this month. The House has not yet voted on this measure, so it's not too late to show your support for overturning it.

Please add your signature to this letter from the National Community Reinvestment Coalition urging Members of the U.S. House of Representatives to support 
H.J.Res. 90 which overturns the rule. This requires quick action because the vote could come this month. Let's show strong support from organizations across New York State!


Sign the letter here: https://ncrc.wufoo.com/forms/rqio0d71va5bk2/

In addition please contact your Member of Congress today and urge them to vote for the disapproval resolution when it comes to the House floor. Importantly, please know that there is a divide among the Trump Administration’s bank regulators on this new CRA rule. Only one of the nation’s bank regulators – the Office of the Comptroller of the Currency (OCC) – supports and has adopted this CRA final rule. The other two – the FDIC and the Federal Reserve – have not supported or finalized the new CRA rule. 

Call your Representative this week at (202) 225-3121 and urge them to support H.J.Res. 90!

Want to do more? 

  • Spread the word: Alert your network and ask them to contact their Reps to urge them to support H.J.Res. 90 and vote for the resolution when it comes to the House floor.
  • Social media: Urge support for H.J.Res. 90 on social platforms, and include #TreasureCRA in your message.

Visit the Coalition Event Calendar

Many NYS CDFIs have served as Financial First Responders during the COVID-19 pandemic. Now, as we begin to #BuildBackBetter, the NYS CDFI Coalition has launched an Event Calendar to help support our members, borrowers and communities. 

We're providing links to online workshops, webinars and panel discussions presented by experts around the state and country.

Don't worry if you missed a live session, many are archived on video so you can watch when it's convenient to you!

Upcoming events include: 

Want to share an event with the CDFI Community? Send a link to info@nyscdfi.org for consideration. 

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Our Mission

Our mission is to position CDFIs as the most effective strategy and policy tool to address issues of financial inclusion, housing access and economic opportunity in New York State. Please visit our website to learn more.
 
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