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CRA Exams Aren’t Cutting It For Communities in Need
In 1977, Congress passed the Community Reinvestment Act (CRA) and required the federal banking agencies to assess a bank’s record of helping to meet...
Would Trump’s CRA Reform Really “Do No Harm?”
NCRC examined every single Community Reinvestment Act evaluation for mid-size banks conducted during 2016.
CRA Weakened
The Community Reinvestment Act, a major tool for twenty years in bringing capital and fairer banking into low income neighborhoods, has been weakened by...
The Community Reinvestment Act at 40: A Careful Review of the...
A review of HUD's Cityscape issue, which is devoted to reviews and studies of the Community Reinvestment Act at its 40th anniversary.
NCRC Claims KeyBank Broke Promises, Failed Black Homeowners
Who is responsible for evaluating whether groups adhere to promises made in a community benefits agreement (CBA)? Is there any recourse for those who don’t get what they were promised? And what lessons can we take away from the KeyBank CBA?
How CRA Can Promote Integration in Gentrifying Neighborhoods
Gentrification—the process of neighborhood demographic and economic change in which middle- and upper-income people move into lower-income neighborhoods, increasing...
CRA “Reform” Under Trump Threatens Communities of Color and the 99...
Banks enjoy consumer and taxpayer-funded privileges, such as deposit insurance, and not too long ago, subsidized trillion-dollar bailouts. It’s not too much to insist that they invest a fair share of those dollars back into all of our communities.
Shelterforce Interviews Two CRA Veterans
CRA – Taking It To the Next Step
The success of the Community Reinvestment Act (CRA) has been significant. Thanks to the CRA, community groups...
Financial Modernization: A CRA Organizer’s Worst Nightmare
Shortly after the passage of the Financial Modernization Act, a banker was heard to say to Phyllis Salowe-Kaye, the executive director of New Jersey...
CRA Guerrilla Fighter, Bruce Marks
After a raucous Senate Banking Committee hearing exploring Fleet Financial Group's record on lending to minority communities, the Federal Reserve Board governors agreed to...
Gramm Wrong, Again, on CRA
In an effort to undercut future public investment in the nation’s infrastructure, Phil Gramm, former chair of the Senate Banking Committee and currently with...
Banks Cleaning up Their Mess to Count as CRA Credit?
Financial regulators proposed yesterday to allow all activities carried out under the auspices of NSP to count toward a lender’s CRA compliance. This would...
Financial Reform Bill a CRA Coup, Despite Its Flaws
Though some have declared war on the financial services modernization legislation, it is important to keep perspective on issues such as the Community Reinvestment...
Q: Who Enforces CRA?
Why are there three different agencies enforcing the Community Reinvestment Act, or CRA? Who does each agency enforce it on?
Say It With Your Chest: Race Matters in Lending
The Community Reinvestment Act was created to address racist lending practices, but it doesn’t specify race. Special purpose credit programs could help.
Financial “Progress” Leaves Communities Behind
For the past 20 years, the financial services industries have lobbied Congress to rewrite the key law that regulates them to better serve their...
Dear Mom, Here’s What Crashed the Economy (Part I)
My mom rocks. She’s the most big-hearted, intellectually curious, bright-eyed and good-looking mom in the world. Now, she and Pop came for a visit...
Tanya Wolfram
Change is all around us. People change, times change. The community development work we do is geared to effect change – in politics and...
You Get What You Need
To quote Mick Jagger, "You can't always get what you want, but if you try real hard, you'll get what you need."
The CRA provisions...