CRA Spurs $600M in Lending, According to Treasury Report

Monday, May 1, 2000 - 1:45am

The Community Reinvestment Act has spurred more than $600 billion in lending to low- and moderate-income communities and borrowers between 1993 and 1998, said a U.S. Treasury Department report released April 19. The report looked at lending trends in 305 U.S. cities between 1993 and 1998.