News Release 2022-30 | March 28, 2022
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, bankers, and business leaders to launch Dallas REACh.
The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology to identify and reduce barriers that prevent full, equal, and fair participation in the nation’s economy. Dallas REACh is the agency’s fourth regional effort.
“There are so many communities across the nation needing full access to our financial system who still encounter the challenge of unaffordable or inaccessible financial products and services. To address this challenge, Project REACh convenes diverse community stakeholders with a goal of promoting broad-based economic opportunity,” said Acting Comptroller Hsu. “While many obstacles to financial well-being and prosperity are national in scope, barriers can be unique at the local level. We are excited to expand our efforts into the Dallas community, supporting local leaders, banks, and businesses as they discuss needs and work to address impediments to financial inclusion.”
Dallas REACh will organize and initiate formal efforts to reduce financial barriers that include low rates of affordable homeownership, poor access to capital for minority-owned and small businesses, and underinvestment into trusted community institutions, such as minority depository institutions.