Community Reinvestment Act

Community Reinvestment Act ( CRA)
A federal statute enacted to require banks and savings and loan associations to meet the credit needs of their communities, including low- and moderate-income neighborhoods. American Banker Glossary
————
( CRA)
Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. Bloomberg Financial Dictionary

* * *

Community Reinvestment Act Comˌmunity Reinˈvestment Act noun
LAW in the US, a law saying that banks must encourage investment in local areas, for example by lending money to people living in poor areas or who are on low incomes

Financial and business terms. 2012.

Look at other dictionaries:

  • Community Reinvestment Act — The Community Reinvestment Act (CRA, Pub.L. 95 128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial… …   Wikipedia

  • Community Reinvestment Act — Le Community Reinvestment Act (CRA) ou « Loi de financement communautaire » est une loi américaine portant sur les relations entre banques ou autres grands organismes financiers de dépôts et communautés. Votée en 1977 sous Jimmy Carter …   Wikipédia en Français

  • Community Reinvestment Act — Der Community Reinvestment Act (kurz CRA) ist ein Bundesgesetz in den USA, das seit den 1970er Jahren so genanntes Redlining, also die Beschränkung von Kreditangeboten auf wohlhabende Wohngegenden bzw. Schichten, vermeiden soll. Der CRA wurde… …   Deutsch Wikipedia

  • Community Reinvestment Act - CRA — An act of Congress enacted in 1977 with the intention of encouraging depository institutions to help meet the credit needs of surrounding communities (particularly low and moderate income neighborhoods). The CRA requires federal regulators to… …   Investment dictionary

  • the Community Reinvestment Act — UK US noun [S] ► GOVERNMENT, SOCIAL RESPONSIBILITY in the US, a law that encourages banks to lend money to all types of people in the communities they do business with, including those living in poorer areas: »Laws such as the Community… …   Financial and business terms

  • American Recovery and Reinvestment Act of 2009 — Stimulus bill redirects here. For other uses, see Stimulus bill (disambiguation). ARRA redirects here. For other uses, see ARRA (disambiguation). American Recovery and Reinvestment Act of 2009 Full title An act making supplemental appropriations… …   Wikipedia

  • Community development — (CD) is a broad term applied to the practices and academic disciplines of civic leaders, activists, involved citizens and professionals to improve various aspects of local communities. Community development seeks to empower individuals and groups …   Wikipedia

  • Community wind energy — Wind turbines at Findhorn Ecovillage make the community a net exporter of electricity. Community wind projects are locally owned by farmers, investors, businesses, schools, utilities, or other public or private entities who utilize wind energy to …   Wikipedia

  • Community health centers in the United States — A Community health center in the United States is a Community health center (CHC) in the United States. Community Health Centers are unique in that at least 51 percent of all Governing Board Members must be patients at the CHC. Access to care is… …   Wikipedia

  • Community development financial institution — Community development financial institutions (CDFI) are financial institutions which provide credit and financial services to underserved markets and populations, primarily in the USA but also in the UK. A CDFI may be a community development bank …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.