University of Michigan Legal Working Paper Series
University of Michigan John M. Olin Center for Law & Economics Working Paper Series
Credit Where It Counts: Maintaining a Strong Community Reinvestment Act
Article comments
Published in: Brookings Institute, Research Brief, pg 1 (May 2005)
Abstract
The Community Reinvestment Act (CRA) has helped to revitalize low- and moderate-income communities and provided expanded opportunities for low- and moderate-income households. Recent regulatory steps aimed at alleviating burdens on banks and thrifts are unwarranted, and may diminish small business lending as well as community development investments and services. This policy brief explains the rationale for CRA, demonstrates its effectiveness, and argues that the recent regulatory proposals should be withdrawn or significantly modified.
Subject Area
Banking and Finance, Economics, Law and Economics
Recommended Citation
Michael S. Barr,
"Credit Where It Counts: Maintaining a Strong Community Reinvestment Act"
(May 2005).
University of Michigan Legal Working Paper Series.
University of Michigan John M. Olin Center for Law & Economics Working Paper Series.
Working Paper 42.
http://law.bepress.com/umichlwps/olin/art42
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