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dc.contributor.authorThomas, Kenneth H.en_US
dc.date.accessioned2012-01-06T14:13:48Z-
dc.date.available2012-01-06T14:13:48Z-
dc.date.issued2002en_US
dc.identifier.isbn1931493111en_US
dc.identifier.urihttp://hdl.handle.net/10419/54347-
dc.description.abstractAt issue in the debate over the renewal of the Community Reinvestment Act (CRA) of 1977 are the various yardsticks regulators use to judge whether individual institutions are meeting the credit and service needs of low- and moderate-income (LMI) communities. Based on careful examination of new CRA data and assessments of comments by selected stakeholders, the author concludes that if the new rules are to succeed, regulators will have to strike a careful balance between various competing interests vying to tip the balance of power in their favor. For example, to offset the effects of a possibly too-close relationship between industry and government agencies, the rules could mandate very explicit and objective measures of institutions' lending performance. To relieve the burden of compliance, the rules could be simplified and pared down to their essentials. And to prevent banks from taking advantage of vulnerable members of LMI communities, rule makers could adopt strong measures against redatory lending.en_US
dc.language.isoengen_US
dc.publisherLevy Economics Inst. Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesPublic policy brief // Jerome Levy Economics Institute of Bard College 68en_US
dc.subject.ddc330en_US
dc.subject.stwKreditpolitiken_US
dc.subject.stwBankenreformen_US
dc.subject.stwBankenpolitiken_US
dc.subject.stwBankenaufsichten_US
dc.subject.stwKrediten_US
dc.subject.stwNiedrigeinkommenen_US
dc.subject.stwUSAen_US
dc.titleOptimal CRA reform: Balancing government regulation and market forcesen_US
dc.typeResearch Reporten_US
dc.identifier.ppn515520675en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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