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

Kyle DeMaria and Lei Ding

Cascade, 2017, vol. 2

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: CRA; community development (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpca:0087

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