WebMay 5, 2024 · The proposal reflects a unified approach from the bank regulatory agencies and incorporates extensive feedback from stakeholders. Comments on the attached proposal will be accepted on or before August 5, 2024. FDIC: PR-39-2024. Proposed Rule on Community Reinvestment Act. Fact Sheet on Proposed CRA Rulemaking. WebWith more than 40 years of financial services experience, Gene Ludwig is widely recognized as a thought leader in business and economic …

Assessing the Community Reinvestment Act

The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all … See more The Community Reinvestment Act of 1977 sought to address discrimination in loans made to individuals and businesses from low and moderate-income neighborhoods. The Act mandates that all banking institutions that … See more The original Act was passed by the 95th United States Congress and signed into law by President Jimmy Carter on October 12, 1977 (Pub.L. 95-128, 12 U.S.C. ch. 30). The CRA was passed as a result of national pressure to address the deteriorating … See more • Public Law 95-128, 95th Congress, H.R. 6655: Housing and Community Development Act of 1977 [Community Reinvestment Act] See more Effectiveness The first major research study of CRA was the 1993 book Community Reinvestment Performance (1993, Probus Publishing) by Kenneth H. … See more • Fannie Mae • Freddie Mac • Federal Housing Administration See more WebOct 24, 2008 · (CNSNews.com) - The Community Reinvestment Act (CRA) – a Carter-era policy that requires federal financial supervisory agencies to encourage banks to grant loans to people with low income and little credit – played a major role in sparking the sub-prime mortgage crisis the nation now faces, according to economist Russell Roberts, who … shards from a star puzzle

Community Reinvestment Act (CRA) OCC

WebBarr was concurrently a special advisor to President Bill Clinton from 1999 to 2001. In the Clinton administration, he also worked to protect the Community Reinvestment Act and launch the New Markets Tax Credit. He formed an interagency working group to advance fair lending across the banking agencies and the Department of Justice. WebMar 1, 2024 · The Community Reinvestment Act of 1977 (CRA) encourages certain insured depository institutions to help meet the credit needs of the communities in which … WebSep 5, 2012 · The story that Gasparino tells is basically: Liberal Bill Clinton thought he could use government to make everyone a homeowner and so naturally this ended in disaster. Gasparino specifically... shards fryer opening times