community reinvestment act Archives - Marketplace

Banking law rooted in civil rights era gets a 21st century update

by Matt Levin

May 5, 2022

Federal regulators propose new rules for the Community Reinvestment Act, which requires banks to invest in low- and moderate-income communities.

The Community Reinvestment Act, which aims to close the racial wealth gap, may be updated to cover financial firms that don't rely on neighborhood branches.

Justin Sullivan/Getty Images

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