Federal Reserve Bank of San Francisco

Community Development

CRA Goes Global: A Good Idea in the United States Could Use a Makeover and a Bigger Audience

Author(s):

March 2011

Community Development Investment Review

Populist ire that arose from the credit crunch is being directed at banks from all corners of the globe, triggering a series of new laws and schemas, whose combined effect will be to impose on banks greater government control over their economics (more regulation on safety and soundness) and greater government interest in their social outcomes (inclusive banking).

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