Community Reinvestment Act Essay Preview: Community Reinvestment Act Report this essay Community Reinvestment Act In 1977, Congress passed a federal law called the Community Reinvestment Act. The purpose of this act was to help families with low and moderate incomes afford homes. The act made homes affordable by encouraging financial institutions to help meet credit.
Essay On Community Reinvestment Act
Pages • 2
Pages • 2
Banks and the Economy Essay Preview: Banks and the Economy Report this essay Banks and the Economy Banks and bank-like financial institutions operating within the United States and within most other countries must deal with extensive regulation in the form of rules and laws enforced by federal and state agencies. These regulations cover and monitor.
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