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来源类型 | Working Paper |
规范类型 | 工作论文 |
The Community Reinvestment Act: What Do We Know, and What Do We Need to Know? | |
Laurie Goodman; Jun Zhu; John Walsh | |
发表日期 | 2019-08-30 |
出版年 | 2019 |
语种 | 英语 |
概述 | The Community Reinvestment Act (CRA) was enacted in 1977 to encourage depository institutions to meet the credit needs of their communities. In 2018, the Office of the Comptroller of the Currency put out an advance notice of proposed rulemaking to gather feedback on how the CRA could be modernized. The 1,485 comment letters make clear there is no consensus on what modernization means. We argue that any revision |
摘要 | The Community Reinvestment Act (CRA) was enacted in 1977 to encourage depository institutions to meet the credit needs of their communities. In 2018, the Office of the Comptroller of the Currency put out an advance notice of proposed rulemaking to gather feedback on how the CRA could be modernized. The 1,485 comment letters make clear there is no consensus on what modernization means. We argue that any revision of the regulations would be more effective if it is grounded in facts about current CRA lending. Using 2016 Home Mortgage Disclosure Act data and 2016 Federal Financial Institutions Examination Council loan files, we assess what we know about CRA lending from existing data sources and what we could analyze if we had more data and increased transparency on the data that are already collected.
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主题 | Finance ; Housing and Housing Finance ; Income and Wealth ; Neighborhoods, Cities, and Metros |
URL | https://www.urban.org/research/publication/community-reinvestment-act-what-do-we-know-and-what-do-we-need-know |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/480708 |
推荐引用方式 GB/T 7714 | Laurie Goodman,Jun Zhu,John Walsh. The Community Reinvestment Act: What Do We Know, and What Do We Need to Know?. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
the_community_reinve(535KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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