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CRA Reform: Impact on Lending and Investing in Underserved Communities
May 14, 3:00 pm EDT - 4:30 pm EDT
CRA has significantly increased bank lending and investing in low- and moderate-income communities for decades. Despite the COVID-19 crisis, the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) are moving ahead with the process of updating their CRA regulations and exams. How should they update CRA to preserve the progress while adapting CRA to changes in the bank industry? How should CRA be updated in response to our current crisis? How will they ensure that no one is left behind in the long recovery ahead? How do we maintain and increase public input?
This session will explore the OCC and FDIC proposal, as well as reform proposals from the Federal Reserve Board. Come hear an important discussion among banks, community organizations and regulators.
Josh Silver, NCRC
Stephen Cross – Alavarez and Marsal
Jaime Weisberg – Association for Neighborhood and Housing Development
Jeff Mosley – Coalition Homes, Inc.
Reymundo Ocañas – BBVA