The CRA aimed to combat redlining and established a long-lasting regulatory framework requiring banks to serve local credit needs, influencing fair-lending enforcement and community development policy for decades.
President Jimmy Carter signed the Community Reinvestment Act (CRA) into law, directing federal regulators to assess banks’ records in meeting the credit needs of their entire communities, including low- and moderate-income neighborhoods.
The CRA aimed to combat redlining and established a long-lasting regulatory framework requiring banks to serve local credit needs, influencing fair-lending enforcement and community development policy for decades.
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The Trump administration is advancing a proposal to eliminate tax exemptions for private colleges that implement diversity, equity, and inclusion (DEI) policies.
Trump signed a bill to prevent a government shutdown ahead of the midterm elections.
Senators left negotiations without reaching an agreement on a voting bill demanded by Trump.
Trump outlined new demands for a sanctions bill targeting Iran and Russia.