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The Community Reinvestment Act: Regulatory Developments and Issues (CRS Report for Congress)

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Release Date Revised Sept. 17, 2009
Report Number RL34049
Report Type Report
Authors Walter W. Eubanks and Darryl E. Getter, Specialists in Financial Economics
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised July 17, 2008 (14 pages, $24.95) add
  • Premium   June 20, 2007 (13 pages, $24.95) add
Summary:

This report begins with an outline of the CRA statute, the regulations, and how a CRAexamination is conducted. Next, the report reviews recent changes to CRA compliance rules andsummarizes the provisions of the Community Reinvestment Modernization Act of 2009. Finally,the report presents debates concerning costs and benefits of the CRA as well as its effectiveness. This report will be updated as developments warrant.