Community Reinvestment Act (CRA)
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Shonterria Charleston supports rural communities, even from a parking lot
For Housing Assistance Council, rural development issues include broadband access and helping veterans fund home improvement projects.
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Community bank provides critical capital so small businesses can stay afloat
CDFI helps two business owners in Philadelphia’s Chinatown find a lifeline, and a partner, right in their own backyard.
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Banks help Tulsa embrace a future that is equitable and successful for all
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.
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Why are Native American-led CDFIs invisible to banks?
“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.
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Building wealth with financial education and homeownership
“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.
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Community Reinvestment Act modernization for economically vulnerable populations
Could CRA modernization drive more inclusive community development for individuals with disabilities, especially those at the intersection of race or ethnicity?
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Why is CRA reform necessary?
Federal Reserve Governor Lael Brainard shares her views on why it’s the right time to modernize the Community Reinvestment Act.
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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.