Community Reinvestment
Further information: Community Reinvestment ActThe Community Reinvestment Act of 1977 requires insured depository institutions to reinvest in the communities they serve. There should be an emphasis on low-income and moderate-income (LMI) census tracts and individuals. Insured depository institutions must display a CRA notice, and each branch must have a current CRA public file or access to it via the company's intranet, and must provide the information in person or by mail.
Read more about this topic: Bank Regulation In The United States
Famous quotes containing the word community:
“Populism is folkish, patriotism is not. One can be a patriot and a cosmopolitan. But a populist is inevitably a nationalist of sorts. Patriotism, too, is less racist than is populism. A patriot will not exclude a person of another nationality from the community where they have lived side by side and whom he has known for many years, but a populist will always remain suspicious of someone who does not seem to belong to his tribe.”
—John Lukacs (b. 1924)