The Community Reinvestment Act (CRA) is a critical civil rights tool for preventing redlining and promoting bank investment in low-income communities, especially communities of color.

The importance of the CRA has become even more clear as COVID-19 lays bare the inequities that already existed in urban, suburban and rural communities, with higher infection rates and occurrences of other health issues in historically redlined neighborhoods.

Right now, we have the chance to speak up and influence changes that one of three federal regulatory agencies—the Federal Reserve Bank—makes to the CRA rules.

This is a key opportunity that may not occur again for the foreseeable future.

We’ve put together a comment portal with sample text for you to quickly and easily share recommendations on how and why the Federal Reserve should create a tougher rating process, explicitly focus on racial equity, target financial education to those most in need of it, reduce the racial wealth gap through home ownership, support affordable rental housing that promotes long-term affordability, and more.

Comments are due by February 16, 2021.

Tell the Federal Reserve System how to modernize & strengthen the CRA: