The Community Reinvestment Act
Author | : Roland E. Brandel |
Publisher | : |
Total Pages | : 670 |
Release | : 1989 |
Genre | : Business & Economics |
ISBN | : |
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Author | : Roland E. Brandel |
Publisher | : |
Total Pages | : 670 |
Release | : 1989 |
Genre | : Business & Economics |
ISBN | : |
Author | : Dan Immergluck |
Publisher | : Routledge |
Total Pages | : 329 |
Release | : 2016-07-08 |
Genre | : Business & Economics |
ISBN | : 131549812X |
This book provides the most comprehensive examination of community reinvestment and fair lending problems and policies currently available. It outlines the history of lending discrimination and redlining in U.S. mortgage and small business lending markets, and documents the persistence of such problems today. The author explains the role that government has played in developing banking and credit markets in the United States, from the creation of Alexander Hamilton's First Bank of the United States to the ongoing support government provides through the subsidization of secondary markets and through maintenance of critical regulatory infrastructure. Immergluck takes issue with those calling for deregulation of financial services - especially in the arena of fair lending and consumer protection - and gives new voice to rationales for social contract policies such as the Community Reinvestment Act. He provides new long-term analysis of the failure of federal bank regulators to enforce the CRA, and also shows how increased community activism and media attention have led to sporadic periods of stronger CRA enforcement. Finally, he recommends a number of policy changes that are needed to modernize the nation's fair lending and community reinvestment laws and make them more relevant for the 21st century.
Author | : United States |
Publisher | : |
Total Pages | : 476 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 196 |
Release | : 2008 |
Genre | : Discrimination in mortgage loans |
ISBN | : |
Author | : United States. Congress. House. Committee on Financial Services |
Publisher | : |
Total Pages | : 328 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : |
Author | : United States. Congress. House. Committee on Financial Services |
Publisher | : |
Total Pages | : 312 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
Publisher | : |
Total Pages | : 476 |
Release | : 1988 |
Genre | : Bank loans |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
Publisher | : |
Total Pages | : 720 |
Release | : 1988 |
Genre | : Bank loans |
ISBN | : |
Author | : Glenn Canner |
Publisher | : |
Total Pages | : 16 |
Release | : 1982 |
Genre | : Banking law |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2007 |
Genre | : |
ISBN | : |
The two last sections of the report briefly summarize the provisions of the Community Reinvestment Modernization Act of 2007 and conclude with some implications. [...] The federal depository institutions' regulatory agencies - the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision - have been implementing rules governing CRA compliance. [...] They are the Office of the Comptroller of the Currency (OCC), for national banks; the Federal Reserve System (Fed), for state banks belonging to it and holding companies owning banks; the Federal Deposit Insurance Corporation (FDIC), for state banks not belonging to the Federal Reserve; and the Office of Thrift Supervision (OTS), for savings associations. [...] Unfortunately, the description of the methods gave the impression that the regulators had made changes to the methods they are using to allocate CRA credits. [...] Specifically, the complaints were that the regulators were prorating the CRA credit given to institutions for their investments in low income area community developments, according to the investments' proximity to the geographic area in which the banks operate.