Release Date: September 16, 2010
For immediate release
The Federal Reserve Board on Thursday announced the agenda and panelists for the last of four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
The final hearing will be held Friday, September 24, at the Federal Reserve Board in Washington, D.C. Federal Reserve Governor Elizabeth A. Duke will deliver opening remarks. Live video of the event will be available online at: http://www.ustream.tv/channel/federalreserve. Those who want to attend in person must register online by 5 p.m. EDT on Wednesday, September 22.
HMDA requires lenders to provide detailed annual reports of their mortgage lending to regulators and the public. The hearings will help the Board gather information about whether its current regulations are working as intended and what changes might be needed.
The full hearing agenda is available online. Panelists include representatives from community and consumer organizations, mortgage lenders, researchers, federal government officials, and other interested parties. Members of the public are invited to express their opinions during an open-mike period. Sign-up for the open-mike will be on a first-come, first-served basis beginning at 8:30 a.m. on the day of the event, and remarks will be limited to five minutes. Written statements of any length may be submitted for the record.
More information about the hearings, including instructions for submitting written comments, is available at: http://www.federalreserve.gov/communitydev/hmda_hearings.htm.