Community Reinvestment Act financial definition of Community Reinvestment Act. Community Reinvestment Act 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.

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

Community Reinvestment Act (CRA)

An act passed by Congress in 1977 to encourage financial institutions to meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. Compliance is monitored via regular audits,and a poor record of CRA compliance is taken into consideration when the financial institution applies for deposit facilities,including mergers and acquisitions.

One may find a financial institution's rating for CRA compliance by visiting the Web sites of the various regulatory agencies that track compliance.A financial institution may appear on one list but not others, depending on which agency has responsibility for that bank and its CRA compliance. The possibilities are

Federal Reserve Board (www.federalreserve.gov)
FDIC (www.fdic.gov)
Office of Comptroller of the Currency (www.occ.treas.gov)
Office of Thrift Supervision (www.ots.treas.gov)

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affirmative lending Civil Rights Act of 1968 Comptroller of the Currency CRA Fair Housing Act Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association FNMA Freddie Mac Red-Lining redlining	Representatives from all 14 chapters of the Credit Union Association of New York and executives of the association went to Washington recently to discuss issues such as member business lending and the Community Reinvestment Act with lawmakers. N.Y. CU leaders lobby Congress by Credit Union Times [ILLUSTRATION OMITTED] Contrary to what conservatives are saying, the original Community Reinvestment Act (also known as CRA) resulted in nearly 30 years of successful lending to communities of color. Putting the cash where it matters: a new bill in Congress would ... by Miranda, Leticia / Colorlines Magazine One of the Bush Administration's most politicized banking rules is the Community Reinvestment Act [of 1977], which requires banks to make loans in all areas of their communities, even the lowest income ones. She identified the housing problem 16 years ago! by McManus, John F. / The New American	Common Equity Common factor common law Common Market Common Shares Common Size Balance Sheet Common Stock Common Stock Equivalent Common Stock Fund Common Stock Market Common Stock Ratio Common Stock Ratios Common Stock/Other Equity Common-Base-Year Analysis Common-Law State Common-Size Analysis Common-Size Statement Commons Commonwealth Development Corp Commonwealth Development Corporation Community Association Institute Community Bank Community Income Community Interest Company community property Community Reinvestment Act community shopping center Commuting Comnmunity Bank Comorian Franc comortgagor Comp compaction compaction tests Compagnia di assicurazione Compania Compania apalancada Compania controlada Compania de inversions Compania de seguros Compania diversificada Compania extranjera Compania financiera Compania inscripta Compania local Compania que recien inicia sus operaciones Compania semipublica Compania subsidiaria companion bond Companion bonds Company	Community Recreation, Activities and Fitness Center Community Recreational Arts in Coalisland Community Recycling and Resource Recovery Community Recycling Network Community Recycling Network for Scotland Community Redevelopment Agency Community Redevelopment Agency Advisory Committee Community Redevelopment Area Community Redevelopment Loan and Investment Fund Community Redevelopment Office Community Reentry Management Team Community Reference Laboratory Community Reference Laboratory on Marine Biotoxins Community Regeneration Fund Community Regeneration in the South West Partnership Community Rehabilitation and Disability Studies Community Rehabilitation Careers Project Community Rehabilitation Case Management Community Rehabilitation Network Community Rehabilitation Program Community Reimbursement System community reintegration Community Reintegration Program Community reinvestment Community Reinvestment Act Community Reinvestment Act of 1977 Community Reinvestment Association of North Carolina Community Reinvestment Fund Community Reinvestment Monitoring Unit Community Relation Discovery by Named Entities community relations community relations Community Relations and Business Equity Community Relations Committee Community Relations Coordinator Community Relations Council Community Relations Director Community Relations Division Community Relations Integration Officer Community Relations Marketing Community Relations Office Community Relations Plan community relations program Community Relations Program Plan Community Relations Service Community Relations Staff Community Relations Training and Learning Consortium Community Relationship Management Community Renewables Initiative Community Renewal and Enrichment through Work

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affirmative lending
Civil Rights Act of 1968
Comptroller of the Currency
CRA
Fair Housing Act
Fannie Mae
Federal Home Loan Mortgage Corporation
Federal National Mortgage Association
FNMA
Freddie Mac
Red-Lining
redlining

Representatives from all 14 chapters of the Credit Union Association of New York and executives of the association went to Washington recently to discuss issues such as member business lending and the Community Reinvestment Act with lawmakers.

N.Y. CU leaders lobby Congress by Credit Union Times

[ILLUSTRATION OMITTED] Contrary to what conservatives are saying, the original Community Reinvestment Act (also known as CRA) resulted in nearly 30 years of successful lending to communities of color.

Putting the cash where it matters: a new bill in Congress would ... by Miranda, Leticia / Colorlines Magazine

One of the Bush Administration's most politicized banking rules is the Community Reinvestment Act [of 1977], which requires banks to make loans in all areas of their communities, even the lowest income ones.

She identified the housing problem 16 years ago! by McManus, John F. / The New American

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Common Stock Equivalent

Common Stock Fund

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Common Stock Ratio