Agencies Announce Public Hearings on Community Reinvestment Act Regulations
June 18, 2010
Circular No. 12219

The federal bank and thrift regulatory agencies have announced a series of upcoming public hearings on modernizing the regulations that implement the Community Reinvestment Act (CRA). Interested parties are invited to provide testimony and written comments.

The agencies will consider how to update the regulations to reflect changes in the financial services industry, changes in how banking services are delivered to consumers today, and current housing and community development needs. The agencies also want to ensure that the CRA remains effective for encouraging institutions to meet the credit needs of communities. While the agencies recognize public comments may discuss matters requiring statutory changes, the agencies' focus is on potential regulatory changes.

The agencies encourage the public to provide oral or written testimony on potential changes to the CRA regulations at four hearings to be held around the country. The planned hearing dates and cities are as follows:

  • July 19, 2010, Arlington, Virginia
  • August 6, 2010, Atlanta, Georgia
  • August 12, 2010, Chicago, Illinois
  • August 17, 2010, Los Angeles, California.

Anyone wishing to submit testimony or attend the hearings must register five business days in advance on the website of the Federal Financial Institutions Examination Council (FFIEC), The agencies also strongly encourage individuals interested in testifying to provide their written testimony in advance. Presentation time and meeting space are limited and early registration is recommended.

See press release for details.

Press release offsite
FFIEC offsite