Comptroller of the Currency Tours Atlanta Areas Where the Community Reinvestment Act Has Benefited the Community
WASHINGTON DC (STL.News) — Comptroller of the Currency Joseph Otting, Friday visited Atlanta to tour neighborhoods that have benefited from activities encouraged by the Community Reinvestment Act (CRA) and areas that could benefit from additional CRA activity.
“Today, we saw what great things can be accomplished when banks, civil rights organizations, nonprofit groups, and local advocates work together to meet the needs of their communities,” Comptroller Otting said following the tour. “We also discussed how current CRA regulations hamstring efforts that could revitalize these areas and bring even more lending, investment, and service to where they are needed most.”
The Comptroller was joined on the tour by John Hope Bryant, CEO and Founder of Operation HOPE, Ambassador and former Atlanta Mayor Andrew Young, and representatives from area community groups, redevelopment organizations, and banks.