The ‘Unclear’ Future of the Community Reinvestment Act

A primary goal of 1977’s Community Reinvestment Act (CRA) was to reverse the effects of redlining, a practice by which the federal government and banks actively avoided lending to borrowers from lower-income and minority neighborhoods. Some housing advocates believe pending rule changes will weaken the CRA and that, though it could use some updates, now …

The post The ‘Unclear’ Future of the Community Reinvestment Act appeared first on DSNews.

Comments

About DS News

DS News

Check Also

Mortgage Application Activity Kicks Off the New Year Down

According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week …