Our Call for Fair Lending
8/12/10
Members of National People's Action and Illinois People's Action spoke at the Federal Joint Public Hearing on the Community Reinvestment Act Regulation this morning, right before heading over to Bank of America's downtown Chicago offices, to put talk to action.
The protest at Bank of America was, unfortunately, a familiar story: another family being unjustly foreclosed on, another loan workout delayed, and another crowd of Americans fed up with Bank of America's innane practices.
This time, NPA and Showdown in America fought for Emma Hurd in Chicago, a leader of Illinois People’s Action (IPA).
Emma and a hundred others from IPA and Chicago groups (including South Austin Coalition and Lakeview Action Coalition, Gender Just, and SOUL) paid a call on the Chicago headquarters of BofA, where a delegation of protesters met Mr. Tim Maloney, Market President for Chicago and Illinois of Bank of America.
By the end, NPA won an agreement from Bank of America to sit down and try to work through the bank’s mistakes in her foreclosure case, similar to how Americans fought for and helped save Edda Lopez's and Trenda Kennedy's home over the last couple months.
Video from the Bank of America action earlier in the day (some clips compliments of Progress Illinois):
But, the fight to hold big banks accountable doesn't stop here.
Individual workout plans are drops in the bucket of the housing crisis, and do little to clean up the destruction big banks have caused in our communities. Today's hearing with bank regulators and subsequent protest are just the first seconds of Round II for the Showdown in America campaign. Stay tuned.Joint Public Hearing on the Community Reinvestment Act Regulation
Chicago, IL (9:00am - 5:00pm CST)
Hearing AGENDA
9:00-9:30 a.m. - Welcome and Opening Comments
Elizabeth A. Duke, Governor, Board of Governors of the Federal Reserve
System
Martin J. Gruenberg, Vice Chairman, Federal Deposit Insurance Corporation
Barry Wides, Deputy Comptroller for Community Affairs, Comptroller of the Currency
Thomas A. Barnes, Deputy Director, Examinations, Supervision and Consumer Protection, Office of Thrift Supervision
System
Martin J. Gruenberg, Vice Chairman, Federal Deposit Insurance Corporation
Barry Wides, Deputy Comptroller for Community Affairs, Comptroller of the Currency
Thomas A. Barnes, Deputy Director, Examinations, Supervision and Consumer Protection, Office of Thrift Supervision
9:30-10:45 a.m. - Panel One: Geographic Considerations
Tommy Fitzgibbon, Managing Director, First Michigan Bank
Lela Wingard Hughes, Senior Vice President, Community Development and CRA Management, JP Morgan Chase
Mark Pinsky, President and Chief Executive Officer, Opportunity Finance Network
Dory Rand, President, Woodstock Institute
Ellen Seidman, Former Director, Office of Thrift Supervision
Lela Wingard Hughes, Senior Vice President, Community Development and CRA Management, JP Morgan Chase
Mark Pinsky, President and Chief Executive Officer, Opportunity Finance Network
Dory Rand, President, Woodstock Institute
Ellen Seidman, Former Director, Office of Thrift Supervision
10:45-11:00 a.m. - Break
11:00 a.m.-12:15 p.m. - Panel Two: Affiliate Activities/Performance Test
Rev. Dr. Eugene Barnes, Board Chair, National People’s Action
Christine Freund, Vice President, First Eagle Bank
Dan Immergluck, Associate Professor, Georgia Institute of Technology
Eugene Ludwig, Chief Executive Officer, Promontory Financial Group
Mike Mantle, Senior Advisor, Morgan Stanley
Christine Freund, Vice President, First Eagle Bank
Dan Immergluck, Associate Professor, Georgia Institute of Technology
Eugene Ludwig, Chief Executive Officer, Promontory Financial Group
Mike Mantle, Senior Advisor, Morgan Stanley
12:15-1:30 p.m. - Lunch
1:30-2:45 p.m. - Panel Three: Other Regional and Emerging Issues
Frank Ford, Senior Vice President, Research and Development, Neighborhood Progress, Inc.
Ignatius MacLellan, Vice President, External Affairs, Northern New England Housing Investment Fund
Warren McLean, Vice President of Development, Community Reinvestment Fund
Vickie Tassan, Community Reinvestment Act Executive, Ally Bank
Lou Tisler, Executive Director, Neighborhood Housing Services of Greater Cleveland
Lez Trujillo, National Field Director, Affordable Housing Centers of America
Ignatius MacLellan, Vice President, External Affairs, Northern New England Housing Investment Fund
Warren McLean, Vice President of Development, Community Reinvestment Fund
Vickie Tassan, Community Reinvestment Act Executive, Ally Bank
Lou Tisler, Executive Director, Neighborhood Housing Services of Greater Cleveland
Lez Trujillo, National Field Director, Affordable Housing Centers of America
2:45-3:00 p.m. - Break
3:00-4:30 p.m. - Individual Presentations
Bobbi Ball, Partners in Community Building, Inc.
Clifton Berry, Berry Advisors, LLC
James Breymaier, Oak Park Regional Housing Center
Robin Coffey, Neighborhood Housing Services of Chicago
Rev. Charlotte Dotts, Illinois People’s Action
Linda Gessaman, Homeless United for Change
Karen Harris, Sargent Shriver National Center on Poverty Law
Calvin Holmes, Chicago Community Loan Fund
Jean Ishmon, Northwest Indiana Reinvestment Alliance
Kevin Jackson, Chicago Rehab Network
Gerald Johnson, First National Bank of Grand Ridge
Trinita Logue, IFF
Alejandro Orozco, Bankers Trust
Laura Page, Illinois State Treasurer’s Office
Rev. Tony Pierce, Peoria Ministers Economic Development Organization
Jack Porter, Illinois People’s Action
Hedy Ratner, Women’s Business Development Center
Elisabeth Risch, Metropolitan St. Louis Equal Housing Opportunity Center
Gail Schechter, Interfaith Housing Center of the Northern Suburbs
Jeremy Smith, Service Employees International Union (SEIU)
Ken Thomas, Wharton School, University of Pennsylvania
Tom Tincher, Community Development and Service Institute
Romona Taylor Williams, Metro St. Louis Coalition for Inclusion and Equity
Clifton Berry, Berry Advisors, LLC
James Breymaier, Oak Park Regional Housing Center
Robin Coffey, Neighborhood Housing Services of Chicago
Rev. Charlotte Dotts, Illinois People’s Action
Linda Gessaman, Homeless United for Change
Karen Harris, Sargent Shriver National Center on Poverty Law
Calvin Holmes, Chicago Community Loan Fund
Jean Ishmon, Northwest Indiana Reinvestment Alliance
Kevin Jackson, Chicago Rehab Network
Gerald Johnson, First National Bank of Grand Ridge
Trinita Logue, IFF
Alejandro Orozco, Bankers Trust
Laura Page, Illinois State Treasurer’s Office
Rev. Tony Pierce, Peoria Ministers Economic Development Organization
Jack Porter, Illinois People’s Action
Hedy Ratner, Women’s Business Development Center
Elisabeth Risch, Metropolitan St. Louis Equal Housing Opportunity Center
Gail Schechter, Interfaith Housing Center of the Northern Suburbs
Jeremy Smith, Service Employees International Union (SEIU)
Ken Thomas, Wharton School, University of Pennsylvania
Tom Tincher, Community Development and Service Institute
Romona Taylor Williams, Metro St. Louis Coalition for Inclusion and Equity
Regulators present:
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Office of Thrift Supervision
