Credit Where it Counts: Maintaining a Strong Community Reinvestment Act

The Brookings Institution, Research Brief, May 2005

Michigan Law and Economics Research Paper

8 Pages Posted: 11 May 2005

See all articles by Michael S. Barr

Michael S. Barr

University of Michigan Law School; University of Michigan at Ann Arbor - Gerald R. Ford School of Public Policy; University of Michigan, Center on Finance, Law, and Policy

Abstract

The Community Reinvestment Act (CRA) has helped to revitalize low- and moderate-income communities and provided expanded opportunities for low- and moderate-income households. Recent regulatory steps aimed at alleviating burdens on banks and thrifts are unwarranted, and may diminish small business lending as well as community development investments and services. This policy brief explains the rationale for CRA, demonstrates its effectiveness, and argues that the recent regulatory proposals should be withdrawn or significantly modified.

Keywords: Banking & Financial Institutions, Regulation, Law & Economics, Institutions & Development, Development Economics

JEL Classification: D10, D60, G21, I38, K20, O16

Suggested Citation

Barr, Michael S., Credit Where it Counts: Maintaining a Strong Community Reinvestment Act. The Brookings Institution, Research Brief, May 2005; Michigan Law and Economics Research Paper. Available at SSRN: https://ssrn.com/abstract=721681

Michael S. Barr (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-936-2878 (Phone)
734-936-7514 (Fax)

University of Michigan at Ann Arbor - Gerald R. Ford School of Public Policy ( email )

735 South State Street
4th Floor
Ann Arbor, MI 48109
United States

University of Michigan, Center on Finance, Law, and Policy ( email )

735 S. State Street, Suite 5211
Ann Arbor, MI 48109
United States

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