News Release 2020-91 | July 15, 2020

OCC Renews Minority Depository Institutions Advisory Committee Charter

WASHINGTON—The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository institutions.

“The Minority Depository Institutions Advisory Committee provides the OCC with important insight on the issues affecting minority depository institutions and their customers,” said Acting Comptroller of the Currency Brian Brooks. “We appreciate the continued work of these committee members and their perspectives on the challenges affecting their institutions and the communities they serve.”

The MDIAC provides advice to the Comptroller of the Currency about minority depository institutions, their current condition, potential regulatory changes that may promote their health and viability, and other issues affecting these institutions. The committee includes officers and directors of minority depository institutions of all types, sizes, operating strategies, and geographic areas, as well as from other depository institutions committed to supporting minority depository institutions.

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