Title

Lending Discrimination: Economic Theory, Econometric Evidence, and the Community Reinvestment Act

Document Type

Article

Publication Date

12-1996

ISSN

0016-8092

Publisher

Georgetown University Law Center

Language

en-US

Abstract

Although it has been settled law for almost two decades, there has been a heightened interest in the Community Reinvestment Act (CRA) over the last several years. One factor driving this interest is the continuing economic decline of the inner cities and the consequent widening of the wealth gap between cities and surrounding suburbs in many areas of the country. A second factor is the consolidation of the banking industry, which has encouraged expansion-oriented banks to improve their CRA ratings to gain the approval of regulators. A recent effort to enhance enforcement of the statute, in part the result of information made available under recent legislation, is a third factor. A fourth factor is the current wave of deregulatory talk in Washington, which has generated counterproposals to weaken the statute.

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