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Community Reinvestment Act (CRA) 1977

Community Reinvestment Act (CRA) 1977

The Community Reinvestment Act (CRA) is a federal law enacted in 1977 to encourage depository institutions to meet the credit needs of the communities where they are chartered, including low- and moderate-income neighborhoods.1

The CRA requires federal banking agencies to assess how well each institution fulfills its obligations to these communities. The agencies must consider these performance ratings when evaluating applications for future approval of bank mergers, charters, acquisitions, branch openings, and deposit facilities.

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