Category Archives: Community Reinvestment Act

2017 NHS Community Banks Partnership Meeting Summary

By Kelly Pearson and Jason Keller The Community Development and Policy Studies (CDPS) division at the Federal Reserve Bank of Chicago has a longstanding interest in community banks, current regulatory developments, and the ways smaller banks adapt to environmental changes, … Continue reading

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Four Videos Help Explain the Community Reinvestment Act

By Jason Keller A series of four recently released videos commemorate the 40th anniversary of the Community Reinvestment Act (CRA). Passed in 1977, CRA “is intended to encourage depository institutions to help meet the credit needs of the communities in … Continue reading

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Redefining the Challenges & Opportunities for Banks in LMI Neighborhoods Throughout Chicagoland: Results from Community Capacity Discussion Groups

by Emily Engel, Robin Newberger, and Jason Keller (To view full article with figures, click here) Bank lending in low- and moderate-income (LMI) neighborhoods in the Chicago area has remained well below levels that preceded the Great Recession in 2008. Mortgage … Continue reading

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Two Examples of Mental Health Clinics in Chicago that Serve LMI Communities

by Marva Williams Community Development departments in the Federal Reserve System work to understand and address barriers to economic mobility, and engage banks, government, and nonprofit intermediaries to channel financial and other resources to places in need of physical, economic, and … Continue reading

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Get to Know the Community Reinvestment Act

by Jason Keller Every year, the Community Reinvestment Act (CRA) helps federally insured regulated financial institutions meet the credit needs of the communities in which they operate.[i] To this end, CRA supports affordable housing efforts, small business and small farm … Continue reading

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