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Assessing the Community Reinvestment Act's Role in the Financial Crisis

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Abstract

An important question arising out of the financial crisis is whether the Community Reinvestment Act (CRA) played a significant role in the subprime mortgage boom and bust by pushing banks to make loans to risky borrowers.

Suggested Citation

  • Neil Bhutta & Daniel R. Ringo, 2015. "Assessing the Community Reinvestment Act's Role in the Financial Crisis," FEDS Notes 2015-05-26-1, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2015-05-26-1
    DOI: 10.17016/2380-7172.1530
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    File URL: https://www.federalreserve.gov/econresdata/notes/feds-notes/2015/assessing-the-community-reinvestment-acts-role-in-the-financial-crisis-20150526.html
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    File URL: https://libkey.io/10.17016/2380-7172.1530?utm_source=ideas
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    Cited by:

    1. Lael Brainard, 2017. "Why Opportunity and Inclusion Matter to America’s Economic Strength : a speech at the Opportunity and Inclusive Growth Institute Conference, sponsored by the Federal Reserve Bank of Minneapolis, May 2," Speech 953, Board of Governors of the Federal Reserve System (U.S.).
    2. Tano Santos & Pietro Veronesi, 2016. "Leverage," NBER Working Papers 22905, National Bureau of Economic Research, Inc.
    3. Kim, Mee Jung & Lee, Kyung Min & Earle, John S., 2021. "Does the Community Reinvestment Act increase lending to small businesses in lower income neighborhoods?," Economics Letters, Elsevier, vol. 209(C).
    4. Kenneth P. Brevoort, 2022. "Does Giving CRA Credit for Loan Purchases Increase Mortgage Credit in Low-to-Moderate Income Communities?," Finance and Economics Discussion Series 2022-047, Board of Governors of the Federal Reserve System (U.S.).
    5. Veronesi, Pietro & Santos, Tano, 2016. "Habits and Leverage," CEPR Discussion Papers 11681, C.E.P.R. Discussion Papers.

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