Passed in 1977, the Community Reinvestment Act was designed to keep banks from discriminating. They were not making many loans in low-income neighborhoods, but they were happy to accept deposits in those areas. The Community Reinvestment Act gave them a reason to spread the wealth around.
The Community Reinvestment Act is also part of the debate over causes of the ongoing mortgage crisis. If you're against government meddling in the markets, you'll claim that the Act encouraged lending to subprime borrowers and fueled a housing bubble. If you're against complete market freedom you'll claim that loans made as a result of the Community Reinvestment Act had little or nothing to do with the crisis.
To find out what the fuss is, read about the Community Reinvestment Act.
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