Episode 47: The Community Reinvestment Act

The Community Reinvestment Act (CRA) helps ensure financial institutions invest in low- and moderate-income communities so that economic equality can be achieved. In this episode of Making Cents of Money, we show how Illinois created its own CRA, how it compares to the federal version, and how it helps create equitable treatment in the financial system. Additional Resources: Making Cents of Money - Credit Access: https://soundcloud.com/idfpr/episode-42-credit-access Illinois CRA: https://www.ilga.gov/legislation/ilcs/ilcs3.asp?ChapterID=20&ActID=4086 Federal CRA: https://www.occ.treas.gov/topics/consumers-and-communities/cra/index-cra.html#:~:text=The%20Community%20Reinvestment%20Act%20of,sound%20operation%20of%20such%20institutions.