Forbes contributors publish independent expert analyses and insights. I'm co-founder & CEO with 30+ years in community economic development. In 1977, Congress passed the Community Reinvestment Act ...

On October 24, 2023, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation issued a final rule to strengthen and modernize regulations ...

The Office of the Comptroller of the Currency, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act ...

Auto lending may soon be included as part of the Community Reinvestment Act, a federal law enacted to encourage banks and savings associations to lend to low- and moderate-income households, under new ...

This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks. Whether a person has access to banking directly changes their ...

Jerome Powell, chairman of the Federal Reserve, said Tuesday that the agency's final Community Reinvestment Act rule "will better achieve the purposes of the law by encouraging banks to expand access ...

Three federal banking regulators announced their intent to issue a proposal that would rescind the Community Reinvestment Act (CRA) final rule issued in October 2023. “The agencies will continue to ...

As policymakers consider ways to address the current mortgage crisis, it is important to evaluate new proposals with an eye toward their future effects on the economy. The unintended consequences of ...

The Community Reinvestment Act (CRA) was passed in 1977 to combat redlining and increase bank services in low-income communities. Despite progress, the legacy of redlining continues to affect ...