Revisiting the CRA: A Policy Discussion

Tueday, February 24, 2009
Washington, DC

With the current financial crisis providing strong impetus for regulatory reform, a re-examination of the CRA seems both appropriate and likely. A joint publication of the Federal Reserve Banks of Boston and San Francisco, Revisiting the CRA: Perspectives on the Future of the Community Reinvestment Act is a timely publication intended to help frame and inform the current debate about the future of the CRA. In concert with the release of the publication, a lively discussion was held where many authors and discussants shared their views at this event on February 24, 2009 in Washington, DC.

Conference presentations and recordings link to the web site of the Federal Reserve Bank of San Francisco. offsite.gif

Welcome

Sandra Braunstein, Federal Reserve Board
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Panel #1: The Context for Evaluating the CRA

Eric Rosengren, Federal Reserve Bank of Boston (moderator)
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Peter Zorn, Freddie Mac
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Michael Stegman, John D. and Catherine T. MacArthur Foundation
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Eugene Ludwig, Promontory Financial Group, LLC
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Robert Kuttner, American Prospect (discussant)
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Audience Q&A (1)
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Panel #2: CRA Reform

Allen Fishbein, Federal Reserve Board (moderator)
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Robert Rowe, American Bankers Association
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Josh Silver, National Community Reinvestment Coalition
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Mark Willis, Ford Foundation
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Janneke Ratcliffe, Center for Community Capital, University of North Carolina (discussant)
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Audience Q&A (2)
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Lunch Keynote Address

Governor Elizabeth A. Duke, Federal Reserve Board
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Panel #3: New Approaches

Jeannine Jacokes, Partners for the Common Good and Community Development Bankers Association (moderator)
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Ellen Seidman, New America Foundation and ShoreBank Corporation
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Lawrence White, Stern School of Business, New York University
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Mark Pinsky, Opportunity Finance Network
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George McCarthy, Ford Foundation (discussant)
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Audience Q&A (3)
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Wrap-up and Closing Remarks

Allen Fishbein, Federal Reserve Board
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