Community Reinvestment Act

Regulators propose overhaul to law governing how banks lend to low-and-middle income communities

Regulators have proposed an overhaul of the law that guides how banks lend to low-and-middle income communities. The Trump Administration announced changes to the Community Reinvestment Act (CRA). The CRA requires regulators to check how well banks serve these neighborhoods with loans and services. The proposed changes could alter how banks' performance is measured and enforced.