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subprime crisis, the CRA was accused of having promoted risky lending. This paper estimates the effect of the CRA on mortgage … redefinitions of Metropolitan Statistical Areas in 2003. The CRA caused a substantial increase in mortgage lending, especially among …
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We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...
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