Back to homepage

OCC launches financial inclusion initiative in Detroit

February 18, 2022

On February 15, the OCC announced the launch of Detroit REACh, marking the agency’s third expansion of Project REACh (Roundtable for Economic Access and Change). As previously covered by InfoBytes, the OCC launched the initiative in 2020 to promote greater financial inclusion of underserved populations and bring together leaders from the banking industry, national civil rights organizations, and various businesses and technology organizations to identify and reduce barriers to accessing capital and credit. The OCC further noted that “Detroit REACh will organize and initiate formal efforts to promote greater access to affordable homeownership, enhance small business financing, and expand access to credit for economically disadvantaged and underserved communities in Detroit.”