H.R. 7338, known as the "Rural Credit Access Act of 2024," aims to improve support for community development financial institutions (CDFIs) in the United States. The bill proposes the creation of an Office of the Community Development Advocate within the Community Development...
Simple Explanation
H.R. 7338, or the "Rural Credit Access Act of 2024," is a plan to help special banks that give money to people in small towns who have less money. It wants to create a new office to make sure these banks follow the rules and get help if they need it.