Submitted by Jake Blumgart on August 1, 2002 - 8:51pm
Date Published:
Wed, 05/18/2011
Robert Avery, et. all. The Federal Reserve. August 2002.
“Assessing the CRA’s Necessity and Efficiency” finds that the Community Reinvestment Act was responsible for many loans for the disadvantaged that would not have existed otherwise. They also find that these loans sometimes resulted in a cost to the lender, but not in the “vast majority” of cases.
Issues:
