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Author: Jessenia Leaphart

RespectAbility Responds to Proposed Regulatory Changes to Support Disability Entrepreneurship

Washington, D.C., August 9 – This past week, the national disability inclusion organization RespectAbility submitted key testimony supporting regulatory changes that would enable more people with disabilities to become entrepreneurs, access credit, and be more financially stable.

Until the end of last week, the federal government was seeking public comment on a Notice of Proposed Rulemaking (NPRM) around proposed updates to the  Community Reinvestment Act (CRA) of 1977. The CRA is in place for financial institutions to provide economic development and support in historically marginalized communities. Together, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve System, and the Office of the Comptroller of the Currency (OCC) are examining ways to use CRA to better address the inequities of today’s society.