In July and August, the Office of the Comptroller of the Currency; the Federal Reserve System; the Federal Deposit Insurance Corporation; and the Department of the Treasury — the Federal agencies that oversee the administration of the Community Reinvestment Act (CRA)– invited comments, both written and oral, on regulations governing procedures for assessing performance under the CRA. The agencies described the purpose of the hearings: to seek a wide range of views on whether and how they should revise their regulations to better serve the goals of the CRA, Hearings were held in Chicago, Los Angeles, Atlanta and Arlington, Virginia.
NDC President Bob Davenport set down NDC’s perspectives, observations and recommendations improving CRA in comments that can be downloaded here in PDF format or found on the government regulations website:
There are 83 pages of submissions on the website. Please click here, type in 23 at the bottom of the webpage and hit enter. NDC is listed midway on page 23. Click the PDF and view the comment letter.