Community Reinvestment Act Critiques--Disproven

Date Published: 
Sun, 05/01/2005

Michael S. Bar. New York University Law Review. May 2005. 

Credit Where It Counts: The Community Reinvestment Act And Its Critics” takes on all the usual arguments against the legislation. He looks at the CRA imn the context of alternative methods of ensuring fair access, and concludes that none of them carry the same weight. Barr argues that in the fact of widespread market failures and societal discrimination, the CRA has effectively guaranteed access to loans for those who likely would have been unable to access them otherwise.