Regulations under the Community Reinvestment Act (CRA) have not been substantially updated since 1995—notwithstanding enormous changes in the financial services system and many aborted attempts.  Last December, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation proposed a regulation that would vastly change how banks are evaluated under the CRA; comments were due April 8. As bankers, communities, and policymakers consider the proposal, what are their thoughts about its impact? On communities? On banks large and small; urban, rural, regional, and national; virtual and traditional? How has COVID-19 influenced those evaluations? A panel of experts will consider these issues, as well as procedural concerns with the proposal, including the Federal Reserve Board’s decision not to join in.

Speakers

• Laurie Goodman, Vice President and Codirector, Housing Finance Policy Center, Urban Institute
• Buzz Roberts, President and CEO, National Association of Affordable Housing Lenders
• Krista Shonk, Vice President, Regulatory Compliance Policy, American Bankers Association
• Josh Silver, Senior Advisor, National Community Reinvestment Coalition
• Mark Willis, Senior Policy Fellow, New York University Furman Center
• Ellen Seidman, Nonresident Fellow, Urban Institute (moderator)

MATERIALS

• American Bankers Association and State Trade Associations Community Reinvestment Act Regulations Comment Letter
• Mark Willis' Community Reinvestment Act Regulations Comment Letter
• National Association of Affordable Housing Lenders Community Reinvestment Act Regulations Comment Letter
• National Community Reinvestment Coalition Community Reinvestment Act Regulations Comment Letter
• Urban Institute's Housing Finance Policy Center Community Reinvestment Act Regulations Comment Letter
• Speaker biographies

Until further notice, all Urban Institute events will be online.
Watch our virtual events live or come back later for the recording.

Send any inquiries regarding this event to [email protected].