Statements (96)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:United_States_federal_law
|
| gptkbp:bfsLayer |
3
|
| gptkbp:bfsParent |
gptkb:Fair_Housing_Act
|
| gptkbp:affects |
banking regulations
|
| gptkbp:amended_by |
gptkb:Financial_Institutions_Reform,_Recovery,_and_Enforcement_Act
|
| gptkbp:applies_to |
banks
savings associations |
| gptkbp:appointed_by |
gptkb:Bank
gptkb:Office_of_the_Comptroller_of_the_Currency gptkb:Federal_Deposit_Insurance_Corporation |
| gptkbp:effective_date |
gptkb:1977
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:encourages |
community development investments
|
| gptkbp:enforces |
gptkb:Consumer_Financial_Protection_Bureau
public input and community feedback |
| gptkbp:goal |
reduce disparities in access to credit
|
| gptkbp:has_impact_on |
low-income communities
minority communities |
| https://www.w3.org/2000/01/rdf-schema#label |
Community Reinvestment Act
|
| gptkbp:impact |
stimulated local economies
increased access to banking services strengthened community organizations increased lending in low-income neighborhoods influenced the development of affordable housing policies increased lending in low-and moderate-income neighborhoods encouraged local governments to support community development initiatives encouraged investment in affordable housing enhanced community infrastructure enhanced transparency in lending practices increased homeownership rates among minorities increased investment in local businesses promoted economic development in underserved areas promoted sustainable community development increased collaboration between public and private sectors reduced poverty levels in some areas influenced the creation of consumer protection laws encouraged banks to develop products for low-income customers fostered partnerships between banks and community groups increased awareness of community needs among financial institutions led to the creation of community development financial institutions shaped the landscape of community banking in the U. S. improved educational opportunities in affected areas |
| gptkbp:includes_provisions_for |
certain small institutions may be exempt from some requirements
|
| gptkbp:influences |
bank merger approvals
|
| gptkbp:is_criticized_for |
lack of enforcement
ineffectiveness in some areas inconsistent application some argue it does not go far enough some argue it leads to risky lending practices |
| gptkbp:is_discussed_in |
financial literature
policy debates |
| gptkbp:is_evaluated_by |
every three years
community feedback performance evaluations CRA ratings lending, investment, and service performance Community Reinvestment Act performance evaluations |
| gptkbp:is_influenced_by |
economic conditions
housing market trends |
| gptkbp:is_linked_to |
financial inclusion
banking access |
| gptkbp:is_monitored_by |
regulatory agencies
|
| gptkbp:is_part_of |
gptkb:government_agency
U. S. banking policy U. S. financial regulation |
| gptkbp:is_promoted_by |
local governments
non-profit organizations |
| gptkbp:is_related_to |
gptkb:political_movement
economic equality credit access banking reform |
| gptkbp:is_subject_to |
periodic reviews
|
| gptkbp:is_supported_by |
community organizations
advocacy groups |
| gptkbp:legislation |
gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
gptkb:Home_Mortgage_Disclosure_Act |
| gptkbp:promotes |
gptkb:economic_development
|
| gptkbp:purpose |
encourage financial institutions to help meet the credit needs of the communities in which they operate
|
| gptkbp:related_concept |
gptkb:political_movement
financial inclusion community empowerment economic equity |
| gptkbp:related_to |
gptkb:software_framework
gptkb:Community_Development_Block_Grant_Program gptkb:Home_Mortgage_Disclosure_Act fair housing redlining fair lending laws |
| gptkbp:reports_to |
financial institutions must report on their lending activities
|
| gptkbp:requires |
assessment of community needs
public disclosure of lending practices community reinvestment plans public input in evaluations financial institutions to assess their performance in meeting community credit needs |
| gptkbp:signed_by |
gptkb:Jimmy_Carter
|
| gptkbp:supports |
affordable housing initiatives
|