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The New Community Reinvestment Act Rule: What’s In It & What Will It Mean
November 3, 2023 , 3:30 pm EDT – 4:45 pm EDT
Federal Reserve Vice Chair for Supervision Michael Barr, Chairman of the FDIC’s board of directors Martin Gruenberg, and Acting Comptroller of the Currency Michael Hsu will join NCRC President and CEO Jesse Van Tol for a discussion of the newly released Community Reinvestment Act (CRA) rule.
CRA plays a vital role in ensuring that banks meet the credit needs of all Americans, particularly in marginalized and underserved communities. The recent updates represent the first comprehensive overhaul of CRA implementation in 28 years, addressing the enduring effects of historic financial discrimination and the inequities in mortgage and small business lending that still persist.
During this event, we will:
- Gain valuable insights into the new regulations and how they address the historical inequities and challenges faced by marginalized communities.
- Discuss how the updated CRA rule will impact communities, particularly in terms of addressing economic injustice and racial wealth disparities.
- Explore what this update means for the ongoing efforts to strengthen CRA and achieve racial economic equity.
Register now and secure your spot for this important discussion!
Michael Barr, Vice Chair for Supervision of the Board of Governors, Federal Reserve System
Martin Gruenberg, Chairman of the FDIC Board of Directors
Michael Hsu, Acting Comptroller of the Currency
Jesse Van Tol, President and CEO, NCRC