Tag: community reinvestment act

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.

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.

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." 

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.

The Role of Government in Impact Investing

Impact investing may seem like a market-based concept, but government can and does support, enable, and participate in it many ways.

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