The Community Reinvestment Act: Its Impact on Lending in Low-Income Communities in the United States
Document Type
Book Chapter
Publication Date
2001
Abstract
This paper reviews data and research studies that demonstrate that CRA has helped to increase lending to low-income borrowers and in low-income neighborhoods, and that expanded CRA lending has been accomplished while maintaining sound lending practices and bank profitability. The paper also discusses literature that draws alternative conclusions, as well as studies that find, despite increases in lending and banking services to low- and moderate-income areas and to minority borrowers, that disparities still exist between the services afforded to these communities and those offered to the market as a whole.
Publication Information & Recommended Citation
Barr, Michael S., co-author. "The Community Reinvestment Act: Its Impact on Lending in Low-Income Communities in the United States." L.de la Vina et al., co-authors. In Banking and Social Cohesion: Alternative Responses to a Global Market, edited by C. Guene and E. Mayo, 214-32. Charlbury, UK: Jon Carpenter Publishing, 2001.
Included in
Banking and Finance Law Commons, Housing Law Commons, Property Law and Real Estate Commons
Comments
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