On August 6, at the Federal Reserve Bank of Atlanta, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, and the Office of Thrift Supervision held the second of four public hearings on modernizing the regulations that implement the Community Reinvestment Act. The focus of the hearing was on potential regulatory changes. Participants discussed how to modify the regulations both to reflect changes in the financial services industry and to meet current housing and community development needs.
A transcript of the Atlanta hearing will eventually be available on the Web site of the Office of Thrift Supervision.
Locations of the other hearings include Arlington, Virginia (July 19); Chicago, Illinois (August 12); and Los Angeles, California (August 17). For additional details on the hearings, please read the joint press release.
