OCC Back On Track

Just Economy Conference – May 6, 2021

The Trump-appointed leadership of the Office of the Comptroller of the Currency (OCC) took a number of steps to weaken the Community Reinvestment Act, propagated high-cost lending through risky “rent-a-bank” arrangements, proposed a dangerous and ill-conceived “Fair Access” rule, and even attempted to redefine what is considered a bank. New leadership at the agency has the opportunity to reverse many of these concerning actions and take other much-needed steps to ensure that the OCC fulfills its statutory mandate to ensure fair access to financial services, credit and capital. This panel will lay out how the incoming leadership can reset the agenda at the OCC and put the agency back on track.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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