Sarah Gerecke Testifies Before the CRA Interagency Public Hearing

On July 19, 2010, Sarah Gerecke testified before the CRA Interagency Public Hearing, jointly held by The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), The Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). Her testimony drew from Furman Center research and emphasized the need for (1) consistent, timely and rigorous data-driven analysis to measure both local community credit needs and also the impact of CRA programs in meeting those needs, and (2) more incentives for financial institutions to support a broader range of community development activities.