The Community Reinvestment Act has always been something about which I have had mixed emotions.

Viewed in the context of the way markets should operate, CRA was a bad idea whose time should never have come. If there is sufficient demand for a product or service at a market price, the marketplace will find a way to meet the demand.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.