Perspectives from Main Street: Stakeholder Feedback on ...

Perspectives from Main Street: Stakeholder Feedback on

Modernizing the Community Reinvestment Act June 2019

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Perspectives from Main Street: Stakeholder Feedback on

Modernizing the Community Reinvestment Act

June 2019

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

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Contents

Overview ..................................................................................................................................... 1

The Federal Reserve's CRA Role ................................................................................................. 1 Gathering Stakeholder Feedback ................................................................................................. 1

Roundtable Feedback by Topic ........................................................................................... 3

Assessment Areas ...................................................................................................................... 3 CRA in Underserved Communities ............................................................................................... 4 Performance Test Structure ......................................................................................................... 5 Evaluating Performance .............................................................................................................. 6 Defining Community Development Activities ................................................................................ 8 Additional Comments ................................................................................................................. 9

Appendix A: CRA Roundtable Dates, Locations, and Attendees ......................... 11 Appendix B: CRA Roundtable Questions for Community Groups ..................... 13 Appendix C: CRA Roundtable Questions for Bankers ............................................. 15

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