A New Look at the Community Reinvestment Act

Authors

Prabal Chakrabarti, Federal Reserve Bank of Boston; and John Olson, Federal Reserve Bank of San Francisco

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December 1, 2008

The Community Reinvestment Act (CRA) of 1977 has been a part of the bank regulatory environment for over 30 years. While the statute itself and the regulations that implement it have changed over the intervening decades, a re-examination of the CRA seems particularly relevant in the current environment.