Journal Article

Federal Reserve Study Finds Evidence of Significant Impact of the Community Reinvestment Act


Abstract: The Community Reinvestment Act (CRA) of 1977 incentivizes depository institutions to meet the credit needs of low- and moderate-income (LMI) people and neighborhoods. Federal regulators periodically examine CRA-regulated depository institutions? (banks, hereafter)1 performance in lending and financial services. Banks? CRA ratings are considered when regulators approve bank mergers, acquisitions, and branch openings

Keywords: community development; CRA;

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Provider: Federal Reserve Bank of Philadelphia

Part of Series: Cascade

Volume: 2

Order Number: 96