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Discussion Paper

Does the CRA Increase Household Access to Credit?


Abstract: Congress passed the Community Reinvestment Act (CRA) in 1977 to encourage banks to meet the needs of borrowers in the areas in which they operate. In particular, the Act is focused on credit access to low- and moderate-income communities that had historically been subject to discriminatory practices like redlining.

Keywords: debt; consumer; Community Reinvestment Act (CRA); Inequality;

JEL Classification: G2; G21;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2023-02-27

Number: 20230227