Seiler. “Is Community Reinvestment Act (CRA) Lending Profitable? Evidence from Ratings Revisions.” Managerial Finance 25 (1999), 3–18.Harrison, D. and M. Seiler. (1999) Is Community Reinvestment Act (CRA) lending profitable? Evidence from ratings revisions, Managerial Finance 25, 3-18....
What Are the U.S. Fair Lending Laws? Fair lending laws prohibit lenders from discriminating based on specific protected classes during any aspect of a credit transaction. Several statutes comprise federal fair lending laws and regulations, including the:26 Fair Housing Act of 1968 Equal Credit Oppo...
The Equal Credit Opportunity Act (ECOA) is a federal civil rights law designed to ensure fair lending practices. Passed in 1974, it prohibits lenders from discriminating against applicants based on personal characteristics, with the exception of their ability to repay the loan. ...
During a global pandemic, the average American improved their wealth and their financial health. Not only has the average credit score in America improved, the average saving rate has also improved as well. When the U.S. saving rate surged in 2020 to a high of 32%, so did lending standar...
No. Federal law prohibit home lending discrimination, notably the 1968 Fair HousingActand the 1977 Community Reinvestment Act (CRA). The first of these laws bans discrimination based on someone's race when the person is trying to rent or buy a home, as well as apply for a mortgage. The ...
CRAFHAMarket share of conforming-size, home purchase mortgage originations has steadily and substantially shifted from banking institutions to nonbank lenders over reCalem, Paul S.Lambie-Hanson, LaurenWachter, Susan M.Social Science Electronic Publishing...
In 2014, ictQATAR was replaced by the Communications Regulatory Authority (CRA). The CRA has two main missions: to promote the development of a digital society through an open and coherent regulatory framework; and to stimulate sustainable competition to foster a fair marketplace and enhance ...