WASHINGTON—The Office of the Comptroller of the Currency (OCC) today held a Financial Inclusion Symposium at its headquarters in Washington, D.C., to commemorate the second anniversary of Project REACh.
OCC’s Project REACh (Roundtable for Economic Access and Transformation) brings together leaders from the banking industry, national civil rights organizations, business, and technology to ensure underserved and minority communities have access to full, equal, and Identify and reduce specific barriers to living fairly. Participation in the country’s economy.
“As Project REACh enters its third year, we are pleased with our participants’ enduring commitment to improving financial inclusion for minority communities and the most vulnerable,” said Acting Comptroller Michael. J. Sue said. “OCC is proud to continue to convene a wide range of stakeholders, as seen in this symposium, to work together to reduce the barriers that prevent all people from accessing the American Dream.”
The symposium, attended by more than 200 people, began with a fireside chat with Acting Comptroller Sue and Federal Housing Finance Agency Director Sandra Thompson about the impact of affordable homeownership on economically disadvantaged communities. We talked about the impact. The event also featured a panel discussion with Project REACh members to expand access to credit and capital for small businesses, provide affordable homeownership opportunities for minorities, and increase creditworthiness for under-qualified populations. We shared best practices and innovative concepts for evaluating the use of alternative data sources to improve Traditional credit score.
