The Effectiveness of the Community Reinvestment Act

Author / Creator

Library of Congress. Government Division

Available as

Online

Summary

Discusses origins of the Community Reinvestment Act (CRA), which requires banks and thrifts to take affirmative action to meet the credit needs of low- and moderate-income neighborhoods within thei...

Discusses origins of the Community Reinvestment Act (CRA), which requires banks and thrifts to take affirmative action to meet the credit needs of low- and moderate-income neighborhoods within their community. Presents examination process and bank activities that are eligible for consideration of CRA credits. Examines difficulty of determining CRA influence on bank behavior.

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