RL34049
Community Reinvestment Act
July 17, 2008
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Summary
This report begins with a brief outline of the CRA statute and the regulations. It also assesses the costs and the benefits of the 1977 act. The report then turns to regulatory agencies' recent CRA compliance rules. The two last sections of the report briefly summarize the provisions of the Community Reinvestment Modernization Act of 2007 and conclude with some implications.
