[Federal Register Volume 75, Number 198 (Thursday, October 14, 2010)]
[Pages 63183-63184]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-25817]



Notice of Meeting of the Consumer Advisory Council

    The Consumer Advisory Council will meet on Thursday, October 21, 
2010. The meeting, which will be open to public observation, will take 
place at the Federal Reserve Board's offices in Washington, DC, in 
Dining Room E on the Terrace Level of the Martin Building. For security 
purposes, anyone planning to attend the meeting should register no 
later than Tuesday, October 19, by completing the form found online at: 
    Attendees must present photo identification to enter the building 
and should allow sufficient time for security processing.
    The meeting will begin at 9 a.m. and is expected to conclude at 
12:15 p.m. The Martin Building is located on C Street, NW., between 
20th and 21st Streets.
    The Council's function is to advise the Board on the exercise of 
the Board's responsibilities under various consumer financial services 
laws and on other matters on which the Board seeks its advice. Time 
permitting, the Council will discuss the following topics:
     Proposed Rules Regarding Home Mortgage Transactions: 
Members will discuss the Board's proposed rules to amend Regulation Z, 
which implements the Truth in Lending Act, to enhance consumer 
protection and improve disclosures for reverse mortgage transactions 
and other home mortgage loans.
     Home Mortgage Disclosure Act (HMDA): In the context of the 
Board's recent hearings on potential modifications to Regulation C, 
which implements HMDA, members will discuss the advantages and 
disadvantages of suggested changes to Regulation C, addressing the 
importance or utility of particular information in light of the 
purposes of HMDA and the burdens and possible privacy risks associated 
with collecting and reporting that information.
     Community Reinvestment Act (CRA): Members will discuss key 
insights from the recent hearings on modernizing the regulations that 
implement the CRA, considering issues such as how to update the 
regulations to reflect changes in the financial services industry, 
changes in how banking services are delivered to consumers today, and 
current housing and community development needs.
     Foreclosure issues: Members will discuss loss-mitigation 
efforts, including the Administration's Making Home Affordable program, 
neighborhood stabilization initiatives and challenges, and other issues 
related to foreclosures.
    Reports by committees and other matters initiated by Council 
members also may be discussed.
    Persons wishing to submit views to the Council on any of the above 
topics may do so by sending written

[[Page 63184]]

statements to Jennifer Kerslake, Secretary of the Consumer Advisory 
Council, Division of Consumer and Community Affairs, Board of Governors 
of the Federal Reserve System, Washington, DC 20551. Information about 
this meeting may be obtained from Ms. Kerslake at 202-452-6470.

    Board of Governors of the Federal Reserve System, October 8, 
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-25817 Filed 10-13-10; 8:45 am]