The Community Reinvestment Act: Good Goals, Flawed Concept


Lawrence J. White, Stern School of Business, New York University

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Volume 4, Issue 1 | July 13, 2009

My views about the Community Reinvestment Act (CRA) surely differ from those of many of the other individuals who will contribute to this volume. I believe that, despite the good intentions and worthwhile goals of the CRA’s advocates, the CRA is an inappropriate instrument for achieving those goals.