Citizen¿s Guide to the CRA

Download or read book Citizen¿s Guide to the CRA written by Barry Leonard and published by DIANE Publishing. This book was released on 2008-04 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide is designed to help people understand the Community Reinvestment Act (CRA) & the responsibility it gives to the fed. financial supervisory agencies to encourage financial institutions to reinvest in the local communities where they do business. The guide describes the origins of the CRA, the policies & procedure the agencies use to enforce it, & the important changes to the CRA that took effect in July 1990. It explains how members of the public can be involved in the ¿CRA process¿ by communicating with their local financial institutions & with the agencies that regulate them, & how public input is considered when certain types of applications are filed. Maps.