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An Update to the Community Reinvestment Act

Local Government Education
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Discover the new CRA and how banks can be impactful and responsive.

Explore the modernized Community Reinvestment Act, specifically the impact and responsiveness of community development loans, investments, and services. Gain insights into the 12 new impact factors, actionable solutions, and strategies to prepare Illinois-focused organizations for the updated regulations.

Jason Keller, director of advisory services at Wolters Kluwer.

What is the Community Reinvestment Act?
The Community Reinvestment Act, enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities where they do business, including low and moderate income neighborhoods.

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