Episode 85: The Federal Community Reinvestment Act (CRA)

Did you know federal law aims to curb discriminatory lending? Ed Hill from IDFPR’s Division of Banking breaks down the Community Reinvestment Act and how it works to increase lending to underserved communities in our latest episode of the Making Cents of Money podcast! Show Notes: • Community Reinvestment Act (CRA) via Federal Reserve Board - https://www.federalreserve.gov/consumerscommunities/cra_about.htm o CRA Ratings via FFIEC - https://www.ffiec.gov/craratings/default.aspx • Housing Discrimination Under the Fair Housing Act via HUD - https://www.hud.gov/program_offices/fair_housing_equal_opp/fair_housing_act_overview • Equal Credit Opportunity Act via FTC - https://www.ftc.gov/legal-library/browse/statutes/equal-credit-opportunity-act • Home Mortgage Disclosure Act via FFIEC - https://ffiec.cfpb.gov/ • Illinois Community Reinvestment Act (CRA) via IDFPR - https://idfpr.illinois.gov/admin/cra.html