Community Reinvestment Act Proposed Rulemaking

The Community Reinvestment Act (CRA) is a seminal piece of legislation that remains as important as ever in today's circumstances. To ensure its continued effectiveness, the CRA regulations must evolve. Building on ideas advanced by stakeholders, the Board seeks comment on an approach to modernize the CRA by strengthening, clarifying, and tailoring the CRA regulations to reflect the current banking landscape and better meet the core purpose of the CRA. It has been 25 years since the last significant revision to the CRA regulation, so it is important to take the time to get reform right and ensure broad support.


Press release
September 21, 2020
Federal Reserve Board issues Advance Notice of Proposed Rulemaking on an approach to modernize regulations that implement the Community Reinvestment Act

Open Board meeting
September 21, 2020

ANPR Retail and Community Development Tests (PDF)
A set of graphics to visually depict the Retail and Community Development tests outlined in the Federal Reserve's CRA ANPR.

September 24, 2020
Modernizing the Community Reinvestment Act (CRA): An overview of the Federal Reserve Board's Advance Notice of Proposed Rulemaking



Governor Lael Brainard
October 15, 2020
Modernizing and Strengthening CRA Regulations: A Conversation with Minority Depository Institutions

Governor Lael Brainard
October 1, 2020
Modernizing and Strengthening CRA Regulations: Hearing from Community Banks

Governor Lael Brainard
September 21, 2020
Strengthening the CRA to Meet the Challenges of Our Time

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Last Update: October 27, 2020