Economic Development
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The Federal Reserve’s proposal to modernize CRA, explained
In the 40+ years since the CRA was enacted in 1977, the way banking is conducted has changed. It’s just one reason the Fed is looking to update the regulation we use to evaluate banks under the law.
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What is the Community Reinvestment Act (CRA)?
Congress enacted the Community Reinvestment Act in 1977, requiring banks to reinvest in the communities in which they operate. Here’s why the law was needed and why it’s still relevant today.
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![[Watch] Exploring the Intersection of Health and Economic Equity](https://fedcommunities.org/wp-content/uploads/2021/05/pediatrician-1000x640-1.jpg?w=1000)
[Watch] Exploring the Intersection of Health and Economic Equity
Differences in health outcomes exist across many factors, including economic status, education, race and ethnicity, and geography. This Connecting Communities webinar focuses on the impact of COVID-19, historical and structural barriers to health equity, the relationship between health and economic equity, and practices to encourage equitable health. Watch on demand.
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![[Watch] Mobilizing Public Private Partnerships to Rebuild Regional Economies](https://fedcommunities.org/wp-content/uploads/2021/07/webinar-1000x640-1.jpg?w=1000)
[Watch] Mobilizing Public Private Partnerships to Rebuild Regional Economies
As regions across the country grapple with what it will take to re-stabilize and rebuild their economies, the COVID-19 crisis continues to make clear that our health, jobs and livelihoods are inextricably linked. What will it take to rebuild? Watch the webinar on demand.
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![Perspectives from Main Street: COVID-19’s continued impact on low- to moderate-income communities [2020]](https://fedcommunities.org/wp-content/uploads/2021/03/mainstreetpersepctives.png?w=1024)
Perspectives from Main Street: COVID-19’s continued impact on low- to moderate-income communities [2020]
Throughout 2020, the Federal Reserve surveyed nonprofits, financial institutions, government agencies, and other community organizations to understand the effects of COVID-19 on low- to moderate-income communities and the entities serving them. Here’s what they found.