What are Banks Doing to Address the Impacts of COVID-19 on LMI Communities?
This research brief surveys how banks are prioritizing pandemic-related needs and being responsive to evolving community conditions in light of their Community Reinvestment Act obligations. Based on a survey of community development officers, institutions are starting to shift beyond meeting short-term needs and leveraging existing projects to develop ideas for new and innovative programs on small-dollar lending, small business technical assistance, and other topics.
Bina Shrimali, Federal Reserve Bank of San Francisco
April 7, 2020