This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by Dahl, D. Articles by Spivey, M. F. Search for Related Content Social Bookmarking                         What's this?

Community Reinvestment Act Enforcement and Changes in Targeted Lending

Utah State University, Logon, UT, uf755{at}cc.usu.edu

Douglas D. Evanoff

Federal Reserve Bank of Chicago, Chicago, IL

Michael F. Spivey

Clemson University, Clemson, SC

The Community Reinvestment Act (CRA) encourages banks and savings and loan associations to meet the credit needs of local communities. Controversies surrounding implementation of the CRA, however, have challenged its effectiveness as a tool for increasing loan activity. To determine whether the CRA influences lending, the authors compare the low-income mortgage loans of banks that experience CRA downgrades to those of other banks that are not downgraded. The authors find no evidence consistent with the hypothesis that downgraded banks, in an attempt to reestablish an acceptable rating, increase lending.

International Regional Science Review, Vol. 25, No. 3, 307-322 (2002)
DOI: 10.1177/016176025003006


CiteULike    Complore    Connotea    Del.icio.us    Digg    Reddit    Technorati    Twitter    What's this?