CRA Bill Getting a Hearing

Dion Spencer, NCRC’s director of legislation and regulatory policy just announced that a new Consumer Reinvestment Act bill will be heard by the House Financial Services Committee, citing information from Rep. Luis Gutierrez (D-Ill.). Spencer said that Gutierrez would sponsor new legislation to be heard in the committee as well.

The bill would “give some teeth” to the current HR 1479, sponsored by Rep. Eddie Bernice Johnson (D-Texas), Spencer said, encouraging the crowd here at the NCRC 2010 National Convention to call their legislators.

NCRC’s John Taylor wrote a piece in the most recent issue of Shelterforce urging the passage of a CRA modernization bill.

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