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Community Reinvestment Act and Early Care and Education: Connections and Context for the Advance Notice of Proposed Rulemaking

January 19, 2021 | 12:00 – 1:15 p.m. CT
Virtual video event

Community Reinvestment Act and Early Care and Education: Connections and Context for the Advance Notice of Proposed Rulemaking

The Federal Reserve System Community Development Child Care Work Group* invites you to join us on January 19, 2021, for a discussion about Community Reinvestment Act (CRA) modernization and early care and education.

Enacted in 1977, the CRA encourages banks to help meet the credit needs of the communities in their geographic area, including low- and moderate-income communities. This webinar will explore the conditions in which bank loans, investments, and services in the early care and education sector may qualify as community development according to the CRA. We will also discuss how early care and education providers and stakeholders may engage banks in potential CRA-related activities and share information on how stakeholders can provide written comments on the Federal Reserve’s CRA Advance Notice of Proposed Rulemaking.

Event Details

Virtual video event

Event Agenda

Tuesday, January 19, 2021

12:00 p.m. - 12:05 p.m. CT Introduction

Rob Grunewald, Federal Reserve Bank of Minneapolis

12:05 p.m. - 12:15 p.m. CT A primer on the Community Reinvestment Act

Molly Majerle, Federal Reserve Bank of Minneapolis

12:15 p.m. - 12:25 p.m. CT Connections between the CRA and the early care and education sector

Rob Grunewald, Federal Reserve Bank of Minneapolis

12:25 p.m. - 12:35 p.m. CT Introduction to the CRA Advance Notice of Proposed Rulemaking

Lisa Robinson, Board of Governors of the Federal Reserve System

12:35 p.m. - 12:55 p.m. CT Panel discussion
  • Sally McCrady, The PNC Foundation and PNC Bank
  • Daniel Nissenbaum, Low Income Investment Fund
  • Dawn DiStefano, Square One
  • Moderator: Lisa Robinson
12:55 p.m. - 1:15 p.m. CT Audience Q&A with panel
1:15 CT Adjourn


* The Federal Reserve System Community Development Child Care Work Group comprises staff from the Federal Reserve Banks of Atlanta, Boston, Dallas, Minneapolis, Philadelphia, Richmond, San Francisco, and St. Louis. In August, the Work Group released Briefing on Childcare Funding and Policy Considerations in Response to COVID-19.