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What Does the Community Reinvestment Act Regulate?

April 26, 2017ACT CRA Federal Institutions insured Investment redlining regulate Reinvestment

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What Does the Community Reinvestment Act Regulate?

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Filed in: Glossary of Bills and Laws What Does the Community Reinvestment Act Regulate? I do not feel U.S. Government should regulate, regulate, regulate, but the original intent of the Community Reinvestment Act (CRA) served a useful purpose. It was enacted to curtail industry-wide discriminatory lending practices. CRA is an Act that requires periodic review of certain federally insured institutions to identify and help eliminate “redlining” practices in lending. CRA was controversial in 1977 when it was enacted and is now being hotly debated today as Republicans attempt to blame Democrats for the Wall Street and mortgage meltdown based on this 30-year-old law. What is the Community Reinvestment Act (CRA)? Does CRA Require Lenders to Make Subprime and High-Risk