Making Communities Stronger through the Community Reinvestment Act

This bill revises the Community Reinvestment Act, which addresses the availability of credit in communities. Under the act, financial regulators examine a banking institution's community activities such as lending, investments, and services, particularly for low- and moderate-income populations.

Specifically, the bill sets forth examination requirements regarding an institution's

• illegal or discriminatory activity,
• partnerships with non-depository lenders,
• home mortgage lending targeted to low- and moderate-income borrowers, and
• community service or charity work.

Each institution must establish Community Advisory Committees in areas served by the institution.