Tag Archives: consumer lending

Household Credit Access Equity: Does the CRA Move the Needle? 

By | March 7, 2023
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The history of lending discrimination is well-documented in the United States, and the federal government employs a variety of legal mechanisms to fight its effects and promote lending equity. One such tool is the Community Reinvestment Act (CRA) which Congress passed in 1977. The CRA was designed to encourage banks to lend in the geographic… Read More »

Current Expected Credit Loss and Consumer Lending 

By | March 3, 2023
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In the aftermath of the Global Financial Crisis of 2007-2008, there was a heated public debate about the causes of the crisis and what policies should be adopted to ensure that history would not repeat itself. Many people and policymakers pointed their fingers at the lax accounting standards that seemingly allowed financial institutions to take… Read More »