Why Was The Community Reinvestment Act Of 1977 Initially Considered Successful?
Why Was The Community Reinvestment Act Of 1977 Initially Considered Successful? Congress enacted the Community Reinvestment Act (CRA) in 1977 to encourage banks and thrift institutions to “serve the convenience and needs of the communities in which they are chartered to do business,” including low- and moderate-income (LMI) communities, and to do so in a