The Community Reinvestment Act (CRA) was enacted in 1977 and charged federal bank regulators with the task of monitoring the banking industry’s lending practices and community development investments in low- and moderate-income communities. The CRA was created to address banking industry practices k … Read more

Community development efforts obviously depend on support by local financial actors.  Through the Community Reinvestment Act, banks and other financial institutions are monitored on how well they serve low and moderate income areas in the communities they serve.  One of the indicators regulators use … Read more

Access to affordable financing is a growing challenge for small businesses, particularly in low-income, rural, and underserved areas of the state. It is also true, however, that banks, credit unions, and intermediaries in these areas have capital to lend. How can we connect businesses in need of fin … Read more