The Cato Institute's Diego Zuluaga recently suggested that the best approach to the Community Reinvestment Act would be its elimination. Nikitra Bailey offers her rebuttal in American Banker. The CRA was initially created in response to redlining, a practice in which banks refused to lend to low-to-moderate income neighborhoods, including communities of color. Thus, Nikitra argues, CRA has played an integral role in fighting this by expanding investment and access to credit for communities with a history of underservice by banks. Read her full argument here.