We look at trends and current conditions in the district’s banking and financial services industry.
Feedback Appreciated: What Community Members Told Us about Modernizing the Community Reinvestment Act (CRA)
Discussions to share info and seek public comment on proposed changes to modernize the CRA revealed two things key for ensuring access to capital for all people and communities. Read More
The Community Reinvestment Act is up for its first significant revision in 25 years. It’s important we optimize this tool to address systemic disinvestment in lower-income and minority communities. Read More
The Fed is seeking to modernize the Community Reinvestment Act in a way that significantly expands financial inclusion, and you can have a say in how it’s done. Read More
One anticipated effect of the 2017 tax cuts was to stimulate business investment. But the two provisions work in opposite directions, and that’s likely to keep investment lower than it would have been without the reform. Read More
Policymakers are exploring ways to reduce the number of novel coronavirus infections without resorting to broad-based economic shutdowns. Face coverings can help reduce the spread of the virus, but only with widespread use. Read More