Signed into law in 1977, the Community Reinvestment Act (CRA) was created to encourage banks to meet the needs of all borrowers and work against the divisions created by discriminatory practices like redlining. The law has existed for 43 years to help low- and moderate-income neighborhoods through retail banking and community development. However, CRA has yet to fully support the inclusion of people with disabilities as an eligible group.
Now, the Federal Reserve Board is currently soliciting public feedback to guide future changes to the law, how banking regulations are created and how to promote greater inclusion. This is a critical opportunity for the disability community to get organized and send in our ideas.
According to the National Disability Institute, sixty percent of adults with disabilities only have a low or moderate income and that far too many Americans with disabilities live in neighborhoods that count as low- or moderate-income communities under the CRA.
We hope you will join us for an exciting and dynamic conversation with Michael Morris, JD, the founder and Senior Strategic Advisor of National Disability Institute, about why CRA matters for people with disabilities and how we can make our collective voices heard. The conversation will be moderated by Hon. Steve Bartlett, chairman of RespectAbility, former Mayor of Dallas and former President and CEO of the Financial Services Roundtable.