HOPE inspires change to Community Reinvestment Act

A provisional change in the federal Community Reinvestment Act (CRA) law, at the request of Chairman Bryant and Operation HOPE, allowing and authorizing “credit for emergency disaster financial counseling” under CRA for thrifts (OTS approved) and state and federally chartered banks (OCC and FDIC approved), for all victims of Hurricane Katrina and Rita, irrespective of income or location throughout the nation.