An end to redlining

July 12, 1999
FOR OVER 20 years, the Community Reinvestment Act has generated thousands of loans to build housing, start small businesses and aid home purchases in areas that banks once red-lined as too risky. Lending institutions learned there was money to be made, and overlooked communities benefitted from the financial infusion.
    A major congressional revision of banking and insurance rules may undo this useful law. The Senate wants to end the CRA rules in the name of deregulation, while a House version of the measure keeps the lending policies. A conference committee will work out the difference between the two this month.