CRA financial definition of CRA. CRA finance term by the Free Online Dictionary.

Community Reinvestment Act (CRA)

Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations.

Canada Revenue Agency

The tax collection agency for the Canadian government. It is responsible for collecting all federal taxes derived from sources other than tariffs and associated fees. It also collects income taxes on behalf of all provinces except Quebec and provincial corporate taxes except for Alberta and Quebec. The CRA is also responsible for collecting the goods and services tax, which is the Canadian VAT. See also: IRS, Notice of seizure.

Community Reinvestment Act

A 1977 U.S. law encouraging banks and other lending agencies to extend credit to low and moderate income persons wishing to buy a home. The original contained no penalties, but prohibited lending institutions from discriminating against a potential homeowner based on where he/she lives. Regulatory changes in 1995 and legislative amendment in 1999 are often blamed for encouraging banks to make excessively risky loans in exchange for the ability to offer investment and insurance services. Because of this, some believe the CRA is responsible for the housing bubble that contributed to the recession that began in 2008. See also: Credit Crunch, Gramm-Leach-Bliley Act

Credit Rating Agency

A company that provides investors with assessments of an investment's risk. The issuers of investments, especially debt securities, pay credit rating agencies to provide them with ratings. A high rating indicates low risk and may therefore encourage investors to buy a security. Additionally, banks may only invest in securities with a high rating from two or more credit rating agencies. The SEC recognizes 10 firms as credit rating agencies; Fitch, S&P, and Moody's are the three most prominent. However, the methods of credit ratings agencies have been subject to criticism. For example, most agencies gave high-risk mortgage-backed securities top ratings until they defaulted at the collapse of the housing bubble.

CRA

See credit reporting agency and Community Reinvestment Act.

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Canada Revenue Agency Community Reinvestment Act credit reporting agency Fitch Investors Service	A state regulator said a similar law hadn't had adverse effects on credit unions in his state, and a representative of the American Bankers Association said CRA was a good gauge of how well financial institutions were serving the underserved and should be applied to credit unions. Credit unions receives scant attention at CRA hearing by Marx, Claude R. / Credit Union Times Once the Troubled Asset Relief Program (TARP) and other financial bailout legislation is fully conceived and implemented, the CRA will undoubtedly emerge front-and-center for review and reconsideration. Is CRA responsible for the meltdown? Did the Community Reinvestment ... by Kane, Kevin; Woos, Lorraine / Mortgage Banking Frequently asked questions have been developed and can now be found on the Represent a client web page; it details known issues that representatives and the CRA had to deal with over the past year, as well as specific T1013 processing issues. CRA issues FAQs on Form T1013 by CMA Management	Covered Covered Call covered call option Covered Call Writing Strategy Covered Foreign Currency Loan Covered Interest Arbitrage Covered Interest Rate Parity Covered Option Covered or hedge option strategies Covered position Covered Put Covered Put Option Covered Security Covered Straddle Covered Straddle Write Covered Writer Covering CPA CPF Franc CPI CPM CPPI CPT CQS CR CRA Crack bursatil Crack Spread cradle-to-the-grave management cram down Cram-Down Cram-Down Deal Cramdown Crash Crawling Peg CRB CRC CRD CRE Creador de mercado Creancier Creancier irreductible Crear mercado Creation Unit Creative Accounting Creative Destruction creative financing Crecimiento cero Crecimiento economico Crecimiento equilibrado Crecimiento previsto	CR/DM CR/DR CR/LF CR/LF CR/NED CR/PM CR/XL CR0 Cr1 CR1/2 CR1M CR2 CR2K CR2LF CR2P CR3 CR3A CR4 CR40 CR4AT CR5 Cr51 EDTA CR6 CR7 CR8 CRA CRA '64 CRA '64 CRA '64 CRA-DF CRA-LR CRA/I CrÃ©dit Agricole Indosuez CrÃ©dit Agricole Indosuez CRAA CRAAB CRAAC CRAAG Craal Craal Craal CRAAP CRAAS CRAASH CRAAV crab crab crab crab crab Crab (disambiguation) Crab (disambiguation) Crab (disambiguation) Crab and other Crustaceans Crab and other Crustaceans Crab angle

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Canada Revenue Agency
Community Reinvestment Act
credit reporting agency
Fitch Investors Service

A state regulator said a similar law hadn't had adverse effects on credit unions in his state, and a representative of the American Bankers Association said CRA was a good gauge of how well financial institutions were serving the underserved and should be applied to credit unions.

Credit unions receives scant attention at CRA hearing by Marx, Claude R. / Credit Union Times

Once the Troubled Asset Relief Program (TARP) and other financial bailout legislation is fully conceived and implemented, the CRA will undoubtedly emerge front-and-center for review and reconsideration.

Is CRA responsible for the meltdown? Did the Community Reinvestment ... by Kane, Kevin; Woos, Lorraine / Mortgage Banking

Frequently asked questions have been developed and can now be found on the Represent a client web page; it details known issues that representatives and the CRA had to deal with over the past year, as well as specific T1013 processing issues.

CRA issues FAQs on Form T1013 by CMA Management