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Community Reinvestment Act |
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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. |
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Community Reinvestment Act and community development Stephan Robinson has joined City National Bank as senior vice president and Community Reinvestment Act manager. Insurers are not covered by the federal Community Reinvestment Act, but consumer advocates gave a presentation on a similar, but voluntary, program in Massachusetts in which 25 insurers participate. |
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