FDIC Holds Hearings on CRA Reform

Yesterday, the FDIC held hearings in Arlington, VA as part of a four-day event to discuss reforming the Community Reinvestment Act (CRA).  The CRA was created in 1977 to address discriminatory lending practices and redlining and to encourage commercial banks to meet the needs of all borrowers in their communities.  Lisa Hall, our Executive Vice President and Chief Lending Officer, participated in the hearings that focused on the CRA and Community Development.  Click on the links below to read the testimonies from Lisa and other industry leaders in Community Development.

• Lisa Hall, Executive Vice President and Chief Lending Officer, Calvert Foundation
• Michael Rubinger, President and CEO, Local Initiatives Support Corporation
• Terri Ludwig, Executive Vice President and COO, Enterprise Community Partners
• Dorothy Broadman, Board Member, National Association of Affordable Housing Lenders and Senior Vice President, Capital One
• Julie Gould, Senior Vice President, Community Investment and Impact, Mercy Housing
• Sarah Gerecke, Executive Director, New York University, Furman Center

To watch the webcast of the event, click here.