HR 7338
Rural Credit Access Act of 2024
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Bill overview
The Rural Credit Access Act of 2024 creates an Office of the Community Development Advocate within the Community Development Financial Institutions Fund. This office will focus on ensuring the safety and affordability of financial products offered by CDFIs, addressing complaints from institutions, and facilitating coordination with federal banking agencies. The bill also establishes a process for revoking a CDFI’s certification, with specific guidelines to ensure fairness and protect communities.
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Primary sponsor
Cosponsors
Kathy E. Manning
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