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Gruenstein, Debbie – 2002
The Community Reinvestment Act (CRA) is designed to encourage banks and thrifts to meet the financial credit and service needs of low- and moderate-income neighborhoods, requiring that lenders use their private-sector resources to meet the financing needs of all communities in which lenders conduct business. This brief outlines several types of…
Descriptors: Banking, Community Development, Family Programs, Federal Legislation
