Community Reinvestment

Community Reinvestment encourages banks to lend to borrowers in all segments of the community.

Rules

Community Reinvestment Act

  • Federal
  • Congress enacted the Community Reinvestment Act (CRA) in 1977 after years of grassroots pressure to encourage banks to help meet the credit needs of the communities in which they are chartered. Previously, individuals and businesses in low-income areas were often denied credit because of the perceived high-risk nature of such loans. More

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