Overhauling the Community Reinvestment Act
The Community Reinvestment Act became a law in 1977 as a way to address redlining and banks’ refusal to lend money to people in areas they deemed “risky.” It’s up for an overhaul, and it’s dividing Wall Street, Congress and community activists. Axios cities correspondent Kim Hart digs into the debate with markets reporter Courtenay Brown. Plus: Tesla’s soaring growth and the top destinations for those who are moving.