Democratizing capital the history law and reform of the community reinvestment act richard marsico on amazoncom free shipping on qualifying offers since 1977 the community reinvestment act cra has required banks to meet the credit needs of their local communities. Server05productnnnlr49 2nlr208txt unknown seq 2 14 mar 05 1844 718 new york law school law review vol 49 i the community reinvestment act and its effect on democratizing capital the cra imposes on banks a continuing and affirmative obli gation to help meet the credit needs of the local communities in. Since 1977 the community reinvestment act cra has required banks to meet the credit needs of their local communities including low income neighborhoods. The community reinvestment act of 1977 cra has made great progress in achieving its dual purposes eliminating bank redlining and promoting reinvestment in previously redlined neighborhoods. Get this from a library democratizing capital the history law and reform of the community reinvestment act richard marsico
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