The Community Reinvestment Act (CRA) is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate. The CRA’s “sister” legislation, the Home Mortgage Disclosure Act (HMDA), is intended to provide the public with mortgage lending data to help determine if financial institutions are serving the housing needs of their communities. Empire Justice provides analysis of any changes to these laws or their regulations, and provides research and analysis pertaining to CRA and HMDA data, including commenting on bank CRA exams.
#AllTogetherNow Report Finds Disparities in Numbers of Loans Made to Rochester Area Businesses
January 16, 2018
Empire Justice Center Report on Small Business Lending Finds Low to Moderate Income Communities and Communities of Color Most Affected; Local and Regional Banks Still Play An Important Role In Addressing Community Needs
Empire Justice Statement on Language Access Additions to the Uniform Residential Loan Application
October 26, 2017
On October 20, 2017, The Federal Housing Finance Agency (FHFA) announced its decision to add a preferred language question to the redesigned Uniform Residential Loan Application (URLA) by the end of 2017.
US Supreme Court Upholds Disparate Impact Standard Under the Fair Housing Act
July 01, 2015
One of the more notable, though less noted decisions coming out of the U.S. Supreme Court in the past week was its ruling on June 25, 2015, to uphold the long-standing tenet that the Fair Housing Act prohibits policies that have a discriminatory impact, even if the discrimination was not intentional.