Ben S Bernanke: The Community Reinvestment Act - its evolution and new challenges Remarks by Mr Ben S Bernanke, Chairman of the Board of Governors of the US Federal Reserve System, at the Community Affairs Research Conference, Washington DC, 30 March 2007. * * * This year marks the thirtieth anniversary of the Community Reinvestment Act (CRA).
Enacted in 1977, the CRA affirmed the obligation of federally insured depository institutions to help meet the credit needs of communities in which they are chartered, consistent with safe and sound operations.