000			01985 a2200253 4500
001			131549812X
005			20250317111603.0
008			250312042016GB eng
020			_a9781315498126
037			_bTaylor & Francis _cGBP 42.99 _fBB
040			_a01
041			_aeng
072	7		_aGTP _2thema
072	7		_aGTF _2bic
072	7		_aBUS000000 _2bisac
072	7		_aBUS071000 _2bisac
072	7		_a332.7080973 _2bisac
100	1		_aDan Immergluck
245	1	0	_aCredit to the Community _bCommunity Reinvestment and Fair Lending Policy in the United States
250			_a1
260			_aOxford _bRoutledge _c20160708
300			_a336 p
520			_bThis book provides the most comprehensive 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 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 the United States to the ongoing support government provides through the subsidization of secondary markets and through maintenance of critical regulatory infrastructure. Immergluck takes issue with those calling for deregulation of financial services - especially in the arena of fair lending and consumer protection - and gives new voice to rationales for social contract policies such as the Community Reinvestment Act. He provides new long-term analysis of the failure of federal bank regulators to enforce the CRA, and also shows how 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 21st century.
999			_c4308 _d4308