Do Cra Agreements Influence Lending Patterns ?
نویسنده
چکیده
An increasingly common method for lending institutions to demonstrate their commitment to and compliance with the Community Reinvestment Act of 1977 (CRA) and fair lending laws has been to enter into agreements with community groups and other entities to help ensure the flow of credit throughout their service area. Table 1 shows that the volume of loan pledges associated with these agreements, referred to as “CRA agreements” in this brief, has grown significantly since the passage of the CRA.
منابع مشابه
-1 - Do Cra Agreements Influence Lending Patterns? Do Cra Agreements Influence Lending Patterns?
Lenders have increasingly responded to regulatory and public pressures to provide credit to lowerincome and minority communities by entering into CRA agreements, which typically involve pledges to extend a certain volume of lending to targeted groups and communities. This paper considers the broader impact of these CRA agreements by examining whether they are associated with changes in lending ...
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