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Working Paper

Assessing the Community Reinvestment Act's Role in the Financial Crisis


Abstract: An important question arising out of the financial crisis is whether the Community Reinvestment Act (CRA) played a significant role in the subprime mortgage boom and bust by pushing banks to make loans to risky borrowers.

https://doi.org/10.17016/2380-7172.1530

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2015-05-26

Number: 2015-05-26-1

Order Number: 2015-05-26-1