Oct 15 2015

Our firm specializes in CRA compliance for financial institutions. 

Click here to learn more about our CRA services...


Learn how the CRA makes a difference in our communities... 

From the Federal Reserve Bank of San Francisco: 

The Community Reinvestment Act is an important law that helps bring billions of dollars in bank capital to low- and moderate-income communities every year.

According to Wikipedia:

The CRA is a U.S. federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining. The Act instructs the appropriate federal financial supervisory agencies to encourage regulated financial institutions to help meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation. To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions.

Understanding how the CRA law works is essential for nonprofits seeking funding, communities wanting to ensure their financial institutions are operating in fair and responsive ways and banks looking to make impactful loans and investments.

This video from the Federal Reserve Bank of San Francisco clarifies how the CRA works and what it means for communities across the country.

Let us know if you want to learn more about the Community Reinvestment Act. 

With gratitude,  Linda & Brian