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Issue

Modernizing the Community Reinvestment Act

Reflecting Changes in Technology, Consumer Preferences and the Business of Banking

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.

ABA Resources

Our Experts

Krista Shonk

Krista Shonk

VP, Regulatory Compliance Policy

Regulatory Compliance and Bank Policy

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Press Contact

Mike Townsend

(202) 663-5471

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