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The Financial Services Subcommittee on Oversight and Investigations Hearing
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GAO Report on Regulation B: Should Lenders Be Required to Collect Race and Gender Data of Borrowers for All Loans
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Thursday, July 17, 2008, 10:00 a.m., 2128 Rayburn House Office Building
Oversight and Investigations
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| Click Here To View Archived Webcast |
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Oversight and Investigations Subcommittee to Hold Hearing on GAO Report on Regulation B
WASHINGTON, DC— U.S. Representative Melvin L. Watt (D-NC), Chairman of the Subcommittee on Oversight and Investigations, today announced that the Subcommittee will hold a hearing to examine key findings of a recently completed Government Accountability Office (GAO) Report on the Federal Reserve Board’s regulation B, which implements the Equal Credit Opportunity Act. Regulation B prohibits the collection of race, gender or other demographic data for non-mortgage loans, except for self-testing purposes. This hearing will examine the GAO Report and the impact of Regulation B on fair lending.
Congressman Watt said, “I look forward to hearing from the GAO, the Federal Reserve Board and industry representatives on the ramifications of Regulation B and whether reforms are needed to ensure fair lending practices.”
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Witness List & Prepared Testimony:
Panel One:
- Ms. Orice Williams, Director, Financial Markets and Community Investment, United States Government Accountability Office
- Ms. Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, Federal Reserve Board
Panel Two:
- Dr. Ken Cavalluzzo, Research Analyst, Wisconsin Capital Management LLC
- Mr. Robert F. Gnaizda, General Counsel, The Greenlining Institute
- Mr. Bill Himpler, Executive Vice President of Federal Affairs, American Financial Services Association (AFSA)
- Mr. Jorge Corralejo, Chairman, Latino Chamber of Commerce of Greater Los Angeles
- Ms. Ann Sullivan, President, Madison Services Group on behalf of Women Impacting Public Policy (WIPP)
Available Member Statements:
Printed Hearing:
The printed version of this hearing will be posted as soon as it is available.
Related Documents:
GAO Fair Lending: Race and Gender Data Are Limited for Nonmortgage Lending
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