The CRA handbook

the long version

Despite premature reports of its demise, the Community Reinvestment Act - first enacted in 1977 to help bring credit to the 40% of Americans known as low-and-moderate income (LMI) - has recently roared back to life. In fact, sparked by a CRA-friendly administration and a renewed realization by regulators that CRA must work, the "New CRA" is on the firmest ground of its 20-year existence. In The CRA Handbook, CRA expert Dr. Kenneth H. Thomas details what bankers, regulators, and community organizations must ultimately do to resurrect this important piece of legislation.