regulators, bankers, nonprofit practitioners, and community advocates contributing. Published: February 2009. "The Community Reinvestment Act: Thirty Years of Accomplishments, but Challenges Remain", February 13, 2008. This hearing before the full House Committee on Financial Services examined the impact of CRA on the provision of loans, investments and services to under-served communities. In addition to exploring CRA's success, the hearing hoped to examine challenges that prevent the law from being more effective for the future. | Printed Hearing: 110-90 (PDF). Prepared Testimony, Member Statements & Transcripts Prepared Statement by Sandra F. Braunstein, Director of the Division of Consumer and Community Affairs, Federal Reserve Board (FRB) Prepared Statement by Ann F. Jaedicke, Deputy Comptroller for Compliance Policy, Office of the Comptroller of the Currency (OCC) Prepared Statement by Sandra L. Thompson, Director of the Division of Supervision and Consumer Protection, Federal Deposit Insurance Corporation (FDIC) Prepared Statement by Montrice Godard Yakimov, Managing Director of Compliance and Consumer Protection, Office of Thrift Supervision (OTS) Prepared Statement by Ellen Seidman (PDF), Director of the Financial Services and Education Project, New America Foundation Prepared Statement of Lawrence J. White (PDF), Professor of Economics, New York University – Stern School of Business Prepared Statement by Michael S. Barr (PDF), Professor, University of Michigan Law School Statement by Congressman Marchant (PDF) Federal Financial Institutions Examination Council (FFIEC), contains detailed information on the CRA and its implementing regulations, including CRA National Aggregate Reports for the years 1996 to 2009 Survey of the Performance and Profitability of CRA-Related Lending, September 19, 2002. Section 713 of the Gramm-Leach-Bliley Act of 1999 (Public Law 106-102) directs the Board of Governors of the Federal Reserve System to study and report to the Congress on the default rates, delinquency rates, and profitability of lending activities undertaken in conformance with the Community Reinvestment Act of 1977 (CRA). The Board asked the 500 largest retail banking organizations to voluntarily complete a comprehensive survey focusing on their CRA-related lending activities and prepared a report summarizing survey responses. The Board was directed to make the report and supporting data available to the public (linked above). Overview of the Community Reinvestment Act from the Federal Register. Truth in Lending Acts Amendments of 1995. George Benston, The Community Reinvestment Act: Looking for Discrimination That Isn't There, Cato Institute Policy Analysis No. 354, October 6, 1999. Seidman, E., "CRA in the 21st century", originally published in Mortgage banking, Washington, D.C.,