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A stronger Community Reinvestment Act (CRA)

We recognize CRA, which was created as a direct response to redlining, as a critical tool to ensure all banks do what is required of them to address the local credit needs of the communities they serve.  We see this as a minimum standard, when in fact banks should be striving toward an ideal of “benefit to all, harm to none.”

Unfortunately, CRA is under threat with “modernization” efforts fully underway for the first time in 40 years. Undermining CRA when there is still rampant and pernicious discrimination in lending is detrimental to communities already struggling with disinvestment and racist policies.

We join with financial reform advocates to push for meaningful changes that make banks more accountable to communities – not less – and for effective penalties when banks and other financial institutions neglect their responsibilities or engage in discriminatory or criminal activities.

Some of our CRA advocacy efforts include: