Revamp the Community Reinvestment Act

     The CRA is a civil rights law designed to expand financial opportunity. The law requires banks to meet the credit needs of the communities in which they are chartered. The CRA was created to be a key driver in financial equity, helping to spur hundreds of billions of dollars of investment in underserved areas. Yet, the CRA requires strengthening to evolve with the changing banking landscape and to fully meet its statutory mission. […]