Book Description

This guide is designed to help people understand the Community Reinvestment Act (CRA) & the responsibility it gives to the fed. financial supervisory agencies to encourage financial institutions to reinvest in the local communities where they do business. The guide describes the origins of the CRA, the policies & procedure the agencies use to enforce it, & the important changes to the CRA that took effect in July 1990. It explains how members of the public can be involved in the ¿CRA process¿ by communicating with their local financial institutions & with the agencies that regulate them, & how public input is considered when certain types of applications are filed. Maps.