Sara Razavi Interviewed in American Banker About Proposed CRA Revisions

Working Solutions CEO Sara Razavi was honored to be interviewed in American Banker about proposed revisions to the Community Reinvestment Act (CRA).

Working Solutions is concerned about how a suggested dollar-driven measurement system could undermine smaller community investments from Community Development Financial Institutions (CDFIs) like ours. As Sara shared with American Banker: “Our average loan size is $23,000. These are small dollar amounts that without federal incentive could be lost.”

Working Solutions will do all we can to ensure that the spirit of the CRA stays intact to serve even more communities that would otherwise be marginalized.

Read the full article in American Banker here. (Please note this article is behind a publisher paywall.)

You can also learn more about the proposed changes by checking out the Opportunity Finance Network’s “Helpful Resources on the New CRA Proposal.”