OCC’s Project REACh focuses financial system barrier-busting effort on Detroit

Efforts to open up economic and financial system access for Detroit’s underserved communities were launched Tuesday by the Office of the Comptroller of the Currency (OCC).

The agency said Acting Comptroller of the Currency Michael J. Hsu joined civic leaders, community advocates, and bankers to launch this latest phase in Project REACh, an OCC-led 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.”

Detroit REACh, the agency’s third regional effort, 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, the OCC said.

Hsu was joined in Tuesday’s announcement by Gary Torgow, board chairman for Huntington National Bank, and Dina Harris, founder and CEO of National Faith Homebuyers.

Acting Comptroller of the Currency Launches Project REACh Efforts in Detroit