The Greenlining Institute Responds to Historic Community Reinvestment Act Update: New Regulations Miss the Mark on Racial Equity
October 25, 2023
October 25, 2023
OAKLAND, California, Oct. 25 -- The Greenlining Institute issued the following news release on Oct. 24, 2023:
Today, the federal regulators responsible for administering the Community Reinvestment Act (CRA) unveiled an update of the nation's landmark anti-redlining legislation. Redlining was a tool used by banks to systematically deny financial services to communities of color prior to the CRA's enactment in 1977, which outlawed the practice.
Unfortunately, th . . .
Today, the federal regulators responsible for administering the Community Reinvestment Act (CRA) unveiled an update of the nation's landmark anti-redlining legislation. Redlining was a tool used by banks to systematically deny financial services to communities of color prior to the CRA's enactment in 1977, which outlawed the practice.
Unfortunately, th . . .