Community Reinvestment Act - Key Points, Regulatory Requirements & Enforcement

• By: Staff Editor
• Date: July 10, 2009

The Community Reinvestment Act of 1977 (CRA) provides a framework for financial institutions, state and local governments, and community organizations to jointly promote banking services to all members of a community. The act prohibits redlining and encourages efforts to meet the credit needs of all community members, especially those from the lower economic stratum.