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Thursday, April 19 • 10:30am - 11:30am
Financial institution support for digital inclusion programs via the Community Reinvestment Act

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The Community Reinvestment Act (CRA) encourages banks to meet the credit needs of the communities they are licensed to serve. Digital inclusion support by financial institutions has been identified as CRA eligible. Regulations of CRA includes the following:
  • Broadband is included as a form of infrastructure investment. It is an essential community service.  
  • Under the CRA service test, banks should show evidence that their “alternative delivery systems” using online banking and financial technology are being adopted and are effective in providing services to low to moderate income individuals. 
  • Workforce development and small business development was already included. The regulation recently added workforce development/job training examples and technical assistance for businesses in the use of technology. 


Jeanne Milliken Bonds

Federal Reserve Bank of Richmond

Thursday April 19, 2018 10:30am - 11:30am
HIMSS Tech Showcase, 4th Floor 1 St Clair Ave NE, Cleveland, OH 44114, USA
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