Community Investments Vol 20, Issue 3
A New Look at the Community Reinvestment Act

Author(s): Prabal Chakrabarti, Federal Reserve Bank of Boston; and John Olson, Federal Reserve Bank of San Francisco

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.