Project REACh: Removing Barriers to Financial Inclusion
Project REACh promotes financial inclusion through greater access to credit and capital. REACh stands for Roundtable for Economic Access and Change, and the project brings together leaders from the banking industry, national civil rights organizations, business, and technology to reduce specific barriers that prevent full, equal, and fair participation in the nation’s economy.
Project REACh convenes people with the ability to help solve inherent policy problems so underserved populations may have the same opportunities to succeed and benefit from the nation’s financial system as others. The group identifies and works to reduce barriers to access that exist at the national or local levels to expand access to credit and capital. View a list of Project REACh Participants (PDF).
At the July 12, 2022 Project REACh Symposium, participants learned about actionable strategies to build measurable initiatives increasing economic and community development financing within economically disadvantaged communities.
Attendees represented OCC leadership, civil rights organizations, financial institutions, community development practitioners, and other key stakeholders focused on reducing economic challenges affecting minority communities.
Visit the Project REACh Symposium page to learn more. You may also view a recording of the event on the OCC's YouTube channel.
Fact Sheet (PDF)
The OCC recognizes that removing structural barriers to financial inclusion will result in broader participation in the economy and will help millions of people, previously left out of the system, to pursue their American dreams.
National Working Group (PDF)
See which partners are working in each of the Project REACh workstreams: the affordable homeownership team, the alternative credit assessment utility team, the minority depository institutions team, and the small and minority business opportunity team.
The Project REACh Pledge to Strengthen Minority Depository Institutions promotes the viability and preservation of minority depository institutions (MDI). We recognize the importance of MDIs within their communities.
Local Demonstrations (PDF)
Project REACh Workstreams
- Affordable Homeownership Workstream
- Alternative Credit Assessment Workstream
- Minority Depository Institutions Workstream
- Small and Minority Business Opportunity Workstream
One Year Anniversary (PDF)
This OCC newsletter recognizes the progress of banks, civil rights groups, and community development organizations to expand financial access and economic opportunity for millions of underserved individuals and small businesses.
Related News and Issuances
|09/08/2022||NR 2022-108||OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 27|
|09/07/2022||NR 2022-106||Acting Comptroller Discusses Safeguarding Trust in Banking|
|09/01/2022||NR 2022-104||Acting Comptroller Discusses Importance of Community Banks; Announces Reduction in Assessment Fees|