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Over the past 25 years, the Community Reinvestment Act has been found to expand access to mortgage credit. But the banking world keeps evolving. Lending gains were strong during the 1990s, yet disparities still exist. This article provides highlights of an important paper that was produced by...
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This article provides background on the evolution of Community Reinvestment Act (CRA) and fair lending regulations, summarizes the relevant economic literature, and evaluates the effectiveness of the regulations by analyzing recent trends in mortgage lending activity. Are the trends in line with...
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