Law
Community Reinvestment Act of 1977
The law directed federal banking regulators to encourage insured depository institutions to help meet the credit needs of the communities they serve, including low- and moderate-income neighborhoods, consistent with safe and sound operations.
Year
1977
Impact
Positive
Status
Active
Party
Unknown
Era
Post Civil Rights Era
Impact Context
The law became one of the major federal tools used to challenge redlining and press for fairer access to credit in communities that included many Black neighborhoods.
What This Policy Did
The law became one of the major federal tools used to challenge redlining and press for fairer access to credit in communities that included many Black neighborhoods.
Evidence and Linked Records
Redlining Reparations and Homeownership Equity Act
Critical • Idea • 3 linked bills
Black Homeownership and Appraisal Fairness Act
High • Idea • 2 linked bills
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Sources
Federal Reserve • Government
Agency overview of CRA purpose and scope
Federal Reserve History • Government
Federal Reserve history of the CRA describing its response to redlining, disinvestment, and inequities in access to credit.
Federal Reserve History • Government • Oct 12, 2023
Context page linking the CRA to the Federal Reserve's role in community lending, access to credit, and low- and moderate-income communities.
Federal Reserve History • Government • May 8, 2023
Explains how the CRA shaped the Federal Reserve's later community development responsibilities and compliance role.