= Community Reinvestment Act = The '''Community Reinvestment Act''' regulates credit banking. <> ---- == Description == The act creates a legal responsibility for credit banks to serve the credit needs of residents in '''low- and moderate-income''' ('''LMI''') neighborhoods. ---- == History == The act followed a series of laws, including the [[UnitedStates/CivilRightsAct#Fair_Housing_Act|Fair Housing Act]], [[UnitedStates/HousingPolicy/EqualCreditOpportunityAct|Equal Credit Opportunity Act]], and the [[UnitedStates/HousingPolicy/HomeMortgageDisclosureAct|Home Mortgage Disclosure Act]]. The act was introduced by [[UnitedStates/HenrySReuss|Reuss]]. It passed and was signed into law by [[UnitedStates/JimmyCarter|Carter]] in 1977. ---- CategoryRicottone