Domini Social Investments : Take Action Keep the Community Reinvestment Act Strong Please Act by May 10
Twice in the last few months we have asked you to speak out against government proposals that would weaken the Community Reinvestment Act (CRA). Each time your response has been strong and swift. As a result, certain potentially damaging proposals have been dropped, including a proposal to allow midsize banks to pursue only one community development activity — loans, investments, or services — rather than all three. Your help has made a difference.
Three federal agencies have proposed further changes to the CRA that would weaken the commitment of banks to helping lower-income communities. Under the new proposals, CRA exams would no longer look at how many branches a bank operates in underserved communities, and banks would no longer have to disclose data on how much credit they provide for community development, small farms, and small businesses. More details are available from the National Community Reinvestment Coalition
How can you help? Please send the customizable letter below to ask the FDIC, the Federal Reserve, and the Office of the Comptroller of the Currency to withdraw their recent proposed changes to the CRA. Your prompt action can make a difference once again!
You should consider the Domini Funds' investment objectives, risks, charges and expenses carefully before investing. View or order a copy of the Funds' current prospectus for more complete information on these and other topics. Please read the prospectus carefully before investing or sending money.
