AdvisorNews
, February 18, 2021, Civil Rights, Fair Lending and Consumer Rights Organizations Call on the Federal Reserve to Strengthen the Community Reinvestment ActÂ
The National Community Reinvestment Coalition, an organization that works to uphold fair housing, fair lending and consumer protection laws, issued the following news release: More than 100 national and local civil rights, fair lending and consumer rights organizations have urged the Federal Reserve to strengthen the Community Reinvestment Act (CRA), a key anti-redlining and civil rights law. In detailed comments that addressed issues from access to credit, location of bank branches and investments in underserved communities, the groups laid out a plan for the Biden Administration to leverage CRA to ensure an equitable recovery from the ongoing economic, racial justice and public health crisis.
