Researchers find the Community Reinvestment Act (CRA) service test provides minimal incentive for banks to serve unbanked and underserved populations and recommends 10 reforms to strengthen CRA as a tool for helping more families enter the financial mainstream. Financial services … Continued

The Community Reinvestment Act service test could provide important incentives for banks to serve the unbanked and underbanked populations. The significant number of families in the United States who do not have a bank account or who use “fringe” financial … Continued