The Community Reinvestment Act (CRA) is a federal law that was enacted in 1977 to combat redlining and encourage banks and other depository institutions to meet the credit needs of their communities, including low- and moderate-income neighborhoods. While the banking system has changed dramatically over the last four decades, the regulations guiding the implementation of the law have not kept pace. In 2022, the three federal bank regulators—the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation began considering major revisions to effectively modernize CRA regulations.