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The Community Reinvestment Act (CRA) - Separating Truth from Myths

Keynote Presentation by Julie Stackhouse

Passed in 1977, the Community Reinvestment Act (CRA) has played an integral part in expanding access to credit in communities and to borrowers across the United States. But banking is changing, with fewer bank charters and branches. And nonbank financial firms, who do not have CRA obligations, are growing in number and size.

Join St. Louis Fed Executive Vice President Julie Stackhouse to learn about the history of CRA, what it addresses and what it does not, and recent efforts by regulators to update the regulation to reflect the current banking environment.

A panel discussion and audience Q&A, moderated by senior vice president Robert Hopkins, will follow the presentation. Joining her on the panel will be:

  • Caleb Bobo, assistant examiner, Consumer Affairs
  • Doug Kerr, assistant vice president, Supervision, Credit, Community Development and the Center for Learning Innovation