Tuesday, February 03, 2009

Conference on the Community Reinvestment Act, February 6th, Federal Reserve Bank of Cleveland

Gloria and I are registered for this and plan to attend. Will any of you be joining us? As of Wednesday, the 4th, we understand that the registration process is closed.

We received this from our friends in Cincinnati last week:

February 6, 2009 Federal Reserve Bank of Cleveland

The Community Reinvestment Act has come under increasing scrutiny as a result of the nation's subprime lending and foreclosure crises. What role, if any, did the landmark legislation play in the demise of the nation's financial services industry? How should policymakers modify the CRA to ensure it meets the credit needs of low- and moderate-income individuals going forward?

This one-day conference includes presentations and discussions on the CRA that are aimed at facilitating an exchange of research-informed perspectives on the role of the Community Reinvestment Act in delivering financial services to individuals in low- and moderate-income communities. The conference is part of the Cleveland Fed's ongoing efforts to facilitate and help inform high-level discussions on proposed regulatory reform—in this instance, the regulation of financial services available to low- and moderate-income individuals.


February 6, 2009

8:00 am

Registration and Continental Breakfast

9:00–9:10 am

Opening Remarks

Ruth Clevenger, Federal Reserve Bank of Cleveland

Session I. Financial Services Available to Low- and Moderate-Income Communities

9:10–9:50 am

Financial Services, Saving, and Borrowing Among Low- and Moderate-Income Households

Michael Barr, University of Michigan Law School

9:50–10:30 am

Discrimination in the Mortgage Market

Stephen Ross, University of Connecticut Economics Department

10:30–10:40 am


Session II. Mortgage Lending in Low- and Moderate-Income Communities

10:40–11:20 am

CRA and Mortgage Lending in LMI Neighborhoods

Neil Bhutta, Board of Governors

11:20 am–12:00 pm

CRA Lending in the Fourth District

Lisa Nelson, Federal Reserve Bank of Cleveland

12:00–1:20 pm


Speaker: Mark Willis, Ford Foundation

Session III. CRA and Financial Institutions

1:20–2:00 pm

Impact of CRA on Household and Financial Institution Incentives

Robert Avery, Board of Governors

2:00–2:40 pm

Impact of CRA Agreements on Community Banks

Breck Robinson, University of Delaware

2:40–2:50 pm


Session IV. Perspectives on the Community Reinvestment Act

2:50–3:30 pm

The Role of the CRA in the Subprime Crisis

Glenn Canner, Board of Governors

3:30–4:10 pm

Viability of CRA and Potential Alternatives

Peter Wallison, American Enterprise Institute

Session V. Open Discussion

4:10–5:00 pm

All speakers

Mark Sniderman, moderator


  1. The Cleveland National Capacity Building Symposium

    “Enforcement and Regulation”

    “We will propose a National Building Program that can be implemented over the next 18 months, if we act wisely, in unity, within a regulatory environment that follows the letter, as well as the spirit, of the law where we [through the digital universe as Americans] will oversee the peoples government [at all levels] investment in its people [over 305 million and counting next year Mr. Gregg, with next year being the US Census year], fairly [any lawyers out there?].”

    Hershel Daniels, Junior
    Cincinnati Change Vice-Chairman


    This symposium is to be held at the

    Louis Stokes Telecommunications Center at the Cuyahoga Community College main campus on

    Friday 13th 2009, Cincinnati, Ohio 9:00 AM - 4:00PM.

    The Host Agencies are PolicyBridge, The Black Trades Council of Ohio and NEO Alliance for Change.

    Donations can be sent c/o Cincinnati Change, Inc. Fifth Third Bank at Account # 7024418605 Routing # 042000314 and mail to 512 Carmalt Street Cincinnati, Ohio 45219, also you can drop off donations to Cincinnati Change at any Fifth Third Bank. For more information call 614.622.4808 or email at natichange@gmail.com.

    There are many speakers on the conference calls leading up to the symposium. Send you email request for access to calls and or blogs, BBS's and webzines to natichange@gmail.com.

    We welcome your current Vita and or policy paper to added to the national largest repository of community reinvestment agreements in digital form.

  2. How did it go? Give us a view from inside the fed.