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Credit to the Community: Community Reinvestment and Fair Lending Policy in the United States : Community Reinvestment and Fair Lending Policy in the United States - Dan Immergluck

Credit to the Community: Community Reinvestment and Fair Lending Policy in the United States

Community Reinvestment and Fair Lending Policy in the United States

Hardcover Published: 26th May 2004
ISBN: 9780765612588
Number Of Pages: 336

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Credit to the Community provides the an examination of community reinvestment and fair lending problems and policies currently available. It outlines the history of lending discrimination and redlining in U.S. mortgage and small business lending markets and documents the persistence of such problems even today. The author explains the role that government has played in developing banking and credit markets in the United States, from the creation of Alexander Hamilton's First Bank of United States to the ongoing support government provides through the subsidization of secondary markets and the maintenance of critical regulatory infrastructure.
Dan Immergluck takes issue with those calling for deregulation of financial services - especially in the arena of fair lending and consumer protection - and gives a new voice to rationales for such social contract policies as the Community Reinvestment Act (CRA). He also provides a long-term analysis on the failure of federal bank regulators to enforce the CRA and shows how successful periods of increased community activism and media attention have led to sporadic periods of stronger CRA enforcement. Finally, he recommends a number of policy changes that are needed to modernize the nation's fair lending and community reinvestment laws and make them more relevant for the twenty-first century.

List of Tables and Figures
Acknowledgments
List of Acronyms
Introduction
The Visible Hand of Government in U.S. Credit Markets
tDiscrimination, Redlining, and Financial Restructuring in Busines Credit Markrts
A Brief History of Mortagage-Lending Discrimination and Redlining
From Fair Access to Credit to Access to Fair Credit
Mobilization for Credit: Community activism, Policy adoption, and Implementation through 1987
Community Reinvestment From 1988 to the End of the Twentieth Century: struggles for Bank and Regulator Accountability
The presdatory Lending Policy Debate
Cra and Fair Lending poilicy in the Twenty-First Century
Notes
Bibliography
Index
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780765612588
ISBN-10: 0765612585
Series: Cities and Contemporary Society (Hardcover)
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 336
Published: 26th May 2004
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 22.9 x 15.2  x 2.57
Weight (kg): 0.62