Federal Reserve Bank of Richmond, March 2022, Revisiting the Community Reinvestment Act
A key question was how to best define bank assessment areas so that they do not reflect illegal discrimination or arbitrarily exclude LMI census tracts. Some community advocates favor a broadening of assessment areas. “This is a huge area,” says Josh Silver of the National Community Reinvestment Coalition (NCRC). “We think it’s critically important to expand assessment areas to places where banks do a significant amount of lending beyond their branches.”
