Community Development Innovation Review
February 2009
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Past issues
CRA 2.0: Communities 2.0
Congress predicated the Community Reinvestment Act (CRA) on one principle and two key facts when it passed the act in 1977. The principle is core and remains true. The facts point to what can and should change to make the CRA more effective in what has become a different kind of marketplace. The principle is that banks had an affirmative responsibility to serve everyone in their markets equally well without regard to place, race, gender, or ethnicity. This principle serves the fundamental precept of our nation—freedom of opportunity and justice for all—and fulfills the purposes of a robust financial services sector.
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Other articles in this issue
CRA Lending During the Subprime Meltdown
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?
Expanding the CRA to All Financial Institutions
A Framework for Revisiting the CRA
A More Modern CRA for Consumers
The Community Reinvestment Act: Past Successes and Future Opportunities
A Tradable Obligation Approach to the Community Reinvestment Act
The Community Reinvestment Act at 30 Years
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