This paper seeks to address questions about both the need for the CommunityReinvestment Act (CRA) and its efficiency. Using data from a recent survey of theperformance and profitability of CRA-related lending activities, three main conclusionsemerge. First, there is evidence that a majority of...

Although credit scoring offers benefits to lenders and borrowers, its use raises important statistical issues that may affect the ability of scoring systems to accurately quantify an individual's credit risk. The evidence from a national sample of credit-bureau records suggests that concerns...

In 2002 the Federal Reserve Board amended its Regulation C, which implements the Home Mortgage Disclosure Act of 1975, to expand the types of information that lenders covered by the law must disclose to the public about their home-lending activities. The amendments are intended to improve the...