Editorial: CRA should not be ‘a thorn in the side’ of any banker

The St. Louis Business Journal printed an editorial on February 8th by SLEHCRA member setting the record straight about the Community Reinvestment Act.

In the January 11 issue of the St. Louis Business Journal, an article titled “Banks Pressed to Make More Low-Income Loans” was published. Because of SLEHCRA’s objection to the apparent misunderstanding and misrepresentation of CRA in this article, we decided to respond. Elisabeth Risch, Education and Research Coordinator at the Metropolitan St. Louis Equal Housing Opportunity Council, wrote a response on behalf of SLEHCRA, which was subsequently published in the St. Louis Business Journal on February 8.

Read Elisabeth’s editorial here.

The original article in the St. Louis Business Journal can be found here.