Community Development Innovation Review

February 2009

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

CRA 2.0: Communities 2.0

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