The Community Reinvestment Act in the Age of Fintech and Bank Competition

Published: 10/07/2019
The Community Reinvestment Act in the Age of Fintech and Bank Competition
Source: WWW.CATO.ORG

Diego Zuluaga We have serious reservations as to whether any regulatory agency could have the wisdom necessary to administer such a system to the maximum benefit of competing economic interests. — Robert Bloom, acting Comptroller of the Currency, March 28, 1977 1 The Community Reinvestment Act (CRA) requires banks to lend to low- and moderate-income (LMI) households in the areas where they take de

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