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The Return of Lending Discrimination by Banks

New Orleans Finally there is some small notice of the fact that banks are abandoning the poor and their neighborhoods.  [...]

Modernize the CRA

New Orleans US Congresswoman Eddie Bernice Johnson (D-TX) the great community and people’s advocate from Dallas has the right idea and is building support for her bill to bring the 33 year old Community Reinvestment Act (CRA) up to snuff so that it can work for the 21st century as effectively as it did [...]

Frank Among the Faithful

Easthampton, MA I didn’t like paying for the privilege but the chance to hear Congressman and House Financial Services Committee Chair Barney Frank pontificate to the faithful at the annual dinner of several small town committees in the Democratic Party heartland of Western Massachusetts was too good to miss.  I also wrongly thought that this [...]

Act Now to Really Enforce The CRA

Dauphine Island The Community Reinvestment Act (CRA) passed in 1977 occupies a lot of space in my book, Citizen Wealth, because it is both arguably the single largest legislative victory achieved by community organizations over the last generation and because it has helped millions purchase homes, one of the most dramatic creators of citizen wealth [...]

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