Banking Investments in Low Income Communities
Officials from banking regulatory agencies, scholars, and housing finance experts discussed proposed updates to the Community Reinvestment… read more
Officials from banking regulatory agencies, scholars, and housing finance experts discussed proposed updates to the Community Reinvestment Act (CRA), a 1977 law that encourages banks to help meet the credit needs of borrowers, especially those in low and middle-income communities. The reforms are part of a joint effort from the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. In the first panel, the three leaders from the agencies talked about their work in updating the CRA, saying that the new rule is designed to increase lending to underserved and underbanked communities and that banks will be better assessed based on data and metrics. Another panel consisting of housing experts also discussed the proposed rule and how racial equity factors into the new regulations. close
Points of Interest
For quick viewing, C-SPAN provides Points of Interest markers for some events.
Click the play button and tap the screen to see the at the bottom of the player. Tap the to see a complete list of all Points of Interest - click on any moment in the list and the video will play.
Points of Interest
For quick viewing, C-SPAN provides Points of Interest markers for some events.
Click the play button and move your cursor over the video to see the . Click on the marker to see the description and watch.
You can also click the in the lower left of the video player to see a complete list of all Points of Interest from this program - click on any moment in the list and the video will play.
People in this video
-
-
Michael Hsu Acting Comptroller Department of the Treasury->Office of the Comptroller of the Currency
-
-
-
-
-
-
Hosting Organization
Related Video
-
Climate Change and the Financial System
Federal financial regulators discussed efforts to manage and mitigate climate risk. They also addressed the impacts of…
-
Martin Gruenberg Remarks
Martin Gruenberg spoke about new regulations contained in the 2010 financial regulations law. In his remarks he focused…
-
Regulation of Community Banks
Steve Verdier talked about the impact of the new financial regulations bill on small banks and the future establishment…
-
House Debate on Financial Regulations
House leaders debated a conference report on financial industry regulation reforms.