Community Reinvestment Act (CRA)
From job training and industry-recognized skills certificates to job placement services and financial literacy education, get to know one program helping low- and moderate-income residents of Oklahoma and southwest Missouri enter the workforce.
"In our 35 years extending credit to Native communities, not once has a bank invested in our work. Instead, we’ve relied on CDFI Fund grants, foundations, and philanthropic investors," says Tawney Brunsch, executive director of Native CDFI Lakota Funds.
“Our lending partners have made huge financial commitments to increase minority homeownership.” Carrie Davis of Wealth Watchers shares how the Community Reinvestment Act has helped banks meet the needs of communities.
Could CRA modernization drive more inclusive community development for individuals with disabilities, especially those at the intersection of race or ethnicity?
In what ways is the Community Reinvestment Act a tool that helps lenders chart a different future for low-and moderate-income neighborhoods? Here are four examples.
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.
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.