The Community Reinvestment Act Isn’t Working
5 min readJul 24, 2020
New regulations are hurting low-income borrowers
In May the Office of the Comptroller of Currency enacted new regulations that overhauled the 1977 Community Reinvestment Act (CRA). These changes are now under fire. In June, House Democrats — led by Maxine Waters and Gregory Meeks — proposed a new bill that would revise the recent updates to the CRA.