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Modernizing the Community Reinvestment Act (CRA)

The Community Reinvestment Act was enacted in 1977 with a worthy goal of encouraging banks to help meet the credit needs of the communities in which they operate, including low and moderate income neighborhoods. The rules implementing CRA, however, have not kept pace with the times or with new technologies and are actually holding back investment in the very communities the law is intended to serve. This has prompted a regulatory review of the best way to modernize CRA.

ABA Position

ABA strongly supports modernizing CRA and has urged regulators to: align CRA resources with actual community needs; reflect changes in technology, consumer preferences and the business of banking; increase certainty and transparency regarding regulatory interpretations and standards; improve the supervisory process; and apply CRA-like requirements to other financial firms, including credit unions.




​Questions? Please contact Krista Shonk for more information.


 ABA Contacts

  • Krista Shonk,
    Vice President,
    Regulatory Compliance Policy

 Related Resources


 CRA Working Group


​The CRA Working Group informs ABA policy positions and advocacy on modernization of the Community Reinvestment Act, its impleme​nting regulations, and regulatory guidance.  The Working Group also discusses examination experiences, compliance challenges and successes, and leading practices. Contact Trenea Everett​ to join the Working Group. ​