WASHINGTON — The House Financial Services Committee will not confirm it, but CUNA and other sources familiar with the committee are confident that the committee has planned a hearing on the Community Reinvestment Act for Feb. 13.

Committee staff said that they will not confirm hearings more than a week in advance and warned that no hearing has yet been scheduled, but CUNA and other sources said the hearing would be titled The Community Reinvestment Act: Thirty Years of Accomplishments, but Challenges Remain.

Despite the lack of confirmation, CUNA CEO Dan Mica released a statement seeking to reassure CUs about the reappearance of the controversial topic.

This hearing is being held to mark the 30th anniversary of the passage of the Community Reinvestment Act, and based on our conversations with the Hill is not likely legislative in nature. Chairman Barney Frank (D-Mass.), as early as last summer, has made it clear he intends a review of CRA and that it would be unfair to exclude any financial institutions. However, he has also said that if every financial institution were similar to a credit union, CRA would be unnecessary.