Throughout our outreach, we consistently heard from both bankers and community groups that they value the CRA and that they want to see it improved and updated.
This was important feedback as we contemplated how to modernize the regulations, while still staying true to the core purpose of the statute to meet the broad range of banking needs in low- and moderateincome (LMI) communities and address inequities in credit access. Our first major goal for the ANPR was to strengthen the regulations in alignment with the CRA statute.