AI-assisted summary
The Community Reinvestment Act (CRA) was passed in 1977 to combat redlining and increase bank services in low-income communities.
Despite progress, the legacy of redlining continues to affect communities of color with high poverty rates and poorer health outcomes.
Recent regulatory updates by the Biden Administration to modernize the CRA are being rescinded by the Trump Administration.
Community organizations and banks continue to partner, resulting in billions of dollars in loans and investments for underserved areas.
The Community Reinvestment Act turned 48 on Oct. 12. The legislative brainchild of the late Wisconsin Sen. William Proxmire , CRA has substantially increased lending and bank services in low- and moderate-income communities that had experienced r