The financial landscape has changed significantly since the passage of the Community Reinvestment Act (CRA) in 1977. This paper provides an overview of how these changes have affected the coverage of the CRA, the structure of CRA regulated institutions, and their effectiveness in meeting the goals of the CRA. Marsha J. Courchane is co-author of this paper along with Robert B. Avery of the Federal Reserve Board of Governors and Peter M. Zorn of Freddie Mac.
How financial services firms can navigate political uncertainty
Much dialogue around Brexit’s impact on the City of London centered on what papers and politicians dubbed the ‘bonfire of rules’ – a phrase designed to capture...