WASHINGTON - The four federal bank and thrift regulatory agencies will be represented tomorrow when the House Banking subcommittee on financial institutions begins two days of hearings on the Community Reinvestment Act.
Scheduled to appear are Comptroller of the Currency Eugene Ludwig; Federal Deposit Insurance Corp. Chairman Ricki Tigert Helfer; Federal Reserve Governor Larry Lindsay; and Office of Thrift Supervision Director Jonathan Fiechter.
Also testifying on Wednesday will be Rep. Joseph P. Kennedy 2nd, D-Mass.
Rep. Marge Roukema, the panel's chairwoman, had asked the agencies to hold off on implementing new CRA rules until after the panel had an opportunity to hold hearings, and the regulators all complied.
Industry and consumer representatives will also testify during the two days of hearings.