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Community Reinvestment: Articles

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2014: Access to credit remains tight for people and communities of color

While we are 5 years into the recovery, a Center for Responsible Lending analysis of the just-released 2014 data shows that we are still not making enough progress. Read More


Governor Cuomo Announces Slumlord Prevention Guidelines for Bank Lending to Protect Tenants and Strengthen Communities

The guidelines include new Community Reinvestment Act (CRA) regulations from the Department of Financial Services (DFS) that incentive banks to lend to landlords who are committed to the long-term health of a community – instead of quick-buck artist slumlords who let buildings fall into disrepair. Read More


Fed Study: Low Mortgage Rates No Boon to Refinancing in 2010

According to a new study by the Federal Reserve, despite historically low mortgage rates last year, refinancing activity struggled. Read More


Do Bank Branches Matter Anymore?

This research suggests that brick-and-mortar branches provide tangible benefits to consumers, especially in low- and moderate-income neighborhoods. When branches are located in these areas, borrowers living there default less and have greater access to credit. Read More


The Subprime Crisis: Is Government Housing Policy to Blame?

In this paper the authors examine whether housing policy, embodied by the Community Reinvestment Act (CRA) and the affordable housing goals of the government sponsored enterprises, were associated with worse outcomes in the mortgage market, including delinquency rates and measures of loan quality. Read More


A Renewed Crackdown on Redlining

In the wake of the subprime implosion, the Obama Administration has stepped up its scrutiny of disadvantaged neighborhoods' credit access. Read More


Community Reinvestment Act Reform Needed to Benefit All

This past summer, federal banking regulators held a series of hearings across the country focusing on how they might update the regulations governing the federal Community Reinvestment Act (CRA). Read More


Information on new consumer financial protection and Wall Street reform law

This summer Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, landmark federal financial reform legislation designed to strengthen consumer protection of financial products and services, limit taxpayer liability for financially risky banks, and prevent or stop the spread of unfair and deceptive practices. Below are links to information and resources about this legislation. Read More


The Community Reinvestment Act and Promoting Responsible Lending to Lower Income Communities and Communities of Color

A report released this past spring by a multi-state collaboration of regional research, policy, and advocacy organizations, including Empire Justice Center, underlines the critical role that the Community Reinvestment Act (CRA) plays in promoting safe, affordable lending to lower-income borrowers and communities. It also points out how the expansion of CRA would promote responsible lending to even more borrowers and communities. Read More


The Community Reinvestment Act Continues to Meet the Credit Needs of Our Communities

In January, Empire Justice Center and the Greater Rochester Community Reinvestment Coalition hosted an all day forum celebrating 30 years of the federal Community Reinvestment Act (CRA). The forum, entitled “Happy Birthday CRA: Celebrating the Past, Planning for the Future,” featured panel presentations, discussions and a lunchtime keynote address by Diane E. Thompson, an attorney with 14 years experience representing low income homeowners. Read More