CrA

(redirected from Community Reinvestment Act)
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CrA

(astronomy)
References in periodicals archive ?
The Community Reinvestment Act is a 1977 law intended to encourage insured banks and thrifts to help meet the credit needs of the communities in which they are chartered to do business, including low- and moderate-income neighborhoods, consistent with safe and sound operations.
Previously, he was a senior executive in the federal government who designed and led compliance, fair lending, and Community Reinvestment Act examination programs for the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the former Office of Thrift Supervision.
New Job: Miller recently joined Arvest Bank in Little Rock as the Community Reinvestment Act director.
Confess enacted the Community Reinvestment Act in 1997 to encourage depository institutions to help meet the
The Community Reinvestment Act was originally enacted in 1977 to encourage banks to distribute loans equitably in all communities they serve, and to enhance the availability of financial services to citizens of all economic circumstances and in all geographical areas.
In the foreword to the book, Fed Presidents Eric Rosengren and Janet Yellen write, "The Community Reinvestment Act (CRA), enacted in 1977, has fostered access to financial services for low- and moderate-income communities across the country.
Solera National Bank, a community commercial bank and wholly-owned subsidiary of Solera National Bancorp Inc (OTCBB: SLRK), has said that it has named Lynn Archuleta, vice president of business banking, as its new community reinvestment act officer.
A new study may provide ammunition for a GOP-led crusade to weaken the Community Reinvestment Act, which penalizes banks for discriminatory lending practices.
We are pleased to support Habitat for Humanity and its mission of providing affordable housing for families in Westchester county," said Ale Frederico, vice president of community reinvestment act committee and community development/municipal affairs for Union State Bank.
The thrift made a second proposal in late 1995, with proceeds to go toward Community Reinvestment Act lending.
This information is being used nationally by individuals and community groups to enforce the Community Reinvestment Act, forcing banks to make loans to low-and moderateincome residents in the bank's area of operation.
Office of Thrift Supervision, and Robert Russell, his senior counselor, visited the Operation HOPE Center in South Los Angeles and joined Operation HOPE's Founder and CEO John Hope Bryant and other financial executives including Mark Ernst, chairman and CEO of H&R Block, for a bus tour of the low-wealth communities of Los Angeles, a meeting with key community leaders, and a roundtable discussion with senior representatives of local financial institutions to explore the impact of the Community Reinvestment Act (CRA).

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