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Redlining Would Be Relegalized by CRA Reform Proposal

In an attempt to make compliance easier for banks, regulators are proposing to incentivize the very thing the Community Reinvestment Act was written to fight.

Pulling the Rug From Under Community Development?

Investments and funding motivated by the Community Reinvestment Act are more foundational to the work of community developers than is often discussed. But if regulations change the incentives for banks, the effects on communities will be dramatic.

Protecting the Community Reinvestment Act Is an Investment in Economic Justice

The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation just released a set of proposed rules for the Community Reinvestment Act that threaten the very heart of the law.

New Writings Suggest Incremental Change Is Best Path for CRA Reform

These writings suggest that careful reform of CRA regulations can build upon the progress in lending and investing if the reforms are incremental instead of “transformational." 

Banks Can Earn CRA Credit for COVID Response—But Who’s Benefiting?

All banking activities, regardless of whether they benefit middle- and upper-income or low- and moderate-income people and communities, could count in the next round of CRA exams. This would further disadvantage communities that are already disproportionately impacted by the pandemic.

Could Lack of Impact Assessment in OCC and FDIC Proposal Break...

Proposed changes to CRA by the Office of the Comptroller of the Currency and the FDIC conflict with the best practices of community development.

Where Banks and the Public Agree on CRA . . ....

Despite a CRA exam pass rate of 98 percent, the major thrust of bank comments is that they want easier exams with fewer moving parts and less uncertainty.

Warren Housing Bill Presents a Clear Choice on CRA

Senator Elizabeth Warren and the Office of the Comptroller of the Currency have offered contrasting visions for the future of CRA. How do they differ, and what would the implications for historically disinvested communities be?

Improving CRA for Rural America

The Community Reinvestment Act regulations should be recrafted to incentivize investments in underserved and economically distressed communities, many of which are rural.

Q: Who Enforces CRA?

Why are there three different agencies enforcing the Community Reinvestment Act, or CRA? Who does each agency enforce it on?

CRA Should be Becoming Less Partisan. Instead, It’s More.

The Community Reinvestment Act (CRA) is a law that requires banks to serve the credit needs, consistent with safety and soundness, of all communities,...

Why the Community Reinvestment Act Must Be Expanded Broadly Throughout the...

The financial industry has been one of the main perpetrators of racial discrimination. It should be obligated to serve all communities, particularly communities of color.

CRA on a State Level Makes Sense

When practitioners in the affordable housing and community development field think about the Community Reinvestment Act (CRA), they think...

CRA Modernization:  A Critical Moment for Underserved Neighborhoods

The Community Reinvestment Act and the Consumer Financial Protection Agency Act hold great promise for the creation of a more financially inclusive nation, but both depend on critical "moments in time" in Congress that will determine whether they become good laws or are weakened beyond recognition

Don’t Diminish the Importance of Homeownership in CRA Reform

A significant reduction in attention paid to home mortgage lending on CRA exams would be neither economically efficient nor equitable.

CRA Survives Its Toughest Challenge

There is nothing more exhilarating than to be shot at without result. –Winston Churchill The Community Reinvestment Act (CRA) has survived the most serious attack in...

Why Are Biased Banks Getting High CRA Marks from Regulators?

The Community Reinvestment Act (CRA) statute has a statement of purpose affirming that banks “are required by law to...

Community Reinvestment Act (CRA) and HMDA: Tools for Reinvestment, by Chris...

For the last twenty years, community activists across the country have organized residents to fight banks and thrifts that "redline": i.e., refuse to provide...

Only Halfway to Economic Democracy

Few books make me so angry that I must resist throwing them across the floor. One such book, published in 2002 (and since updated)...

Strengthening the CRA

In 1995, the last time federal banking agencies revised the rules of the Community Reinvestment Act (CRA), they promised to conduct a follow-up review...