https://www.clevelandfed.org/newsroom-and-events/events/2021/fedtalk-redlining
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At our December FedTalk, we discussed some ways the Community Reinvestment Act (CRA) can be leveraged for greater impact. The law was established more than 40 years ago to prevent redlining, the discriminatory practice of denying people access to credit based on race. Now, the Fed is seeking to modernize the rules it uses to implement CRA, so we are continuing the conversation about this landmark legislation.