Community Development Innovation Review
February 2009
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Past issues
The Community Reinvestment Act at 30 Years
Banks are in the business of financial intermediation—of bringing together those with capital and those who need capital. We do not build communities on our own, but it is fair to say that few communities in America are built—and none prospers—without banks playing their important role of putting savings to work. That is to say, our role is to help individuals and businesses build communities, of all sizes—and we compete vigorously among ourselves for the privilege. Drill down in a CRA Public Evaluation and you will read about how we compete across all income levels and all neighborhoods. Accordingly, we at the American Bankers Association (ABA) are pleased to share our views and observations on the operation of the Community Reinvestment Act (CRA).
Download the article (pdf, 278.7 kb)
Other articles in this issue
Expanding the CRA to All Financial Institutions
A Banker’s Quick Reference Guide to CRA
The Community Reinvestment Act: Good Goals, Flawed Concept
A Principle-Based Redesign of HMDA and CRA Data
Community Reinvestment Emerging from the Housing Crisis
Putting Race Explicitly into the CRA
The CRA as a Means to Provide Public Goods
The Community Reinvestment Act: 30 Years of Wealth Building and What We Must Do to Finish the Job
What Lessons Does the CRA Offer the Insurance Industry?
A Framework for Revisiting the CRA
CRA Lending During the Subprime Meltdown
A More Modern CRA for Consumers
The Community Reinvestment Act: Past Successes and Future Opportunities
A Tradable Obligation Approach to the Community Reinvestment Act
It’s the Rating, Stupid: A Banker’s Perspective on the CRA
The Community Reinvestment Act: Outstanding, and Needs to Improve
The CRA within a Changing Financial Landscape
The 30th Anniversary of the CRA: Restructuring the CRA to Address the Mortgage Finance Revolution
The Community Reinvestment Act and the Recent Mortgage Crisis