The principal mission of the Consumer and Community Affairs Division of the Federal Reserve Bank of Chicago is to support the Federal Reserve System's economic growth objectives by promoting community development, fair access to financial services, and research related to consumer and community development issues.
News
This latest edition identifies the zip codes and communities most affected, or at risk of being affected, by foreclosures.
This new index provides monthly inflation (IBEX − CPI) data for over 30 socioeconomic and demographic groups, including the elderly, the working poor and groups defined by educational attainment and income. The data cover the period 1983–2007 and will be updated annually.
The Community Reinvestment Act (CRA) has been under much scrutiny
amid the subprime lending bust. Critics of the CRA contend that the
law pushed banking institutions to undertake high-risk mortgage
lending.This issue examines the CRA and its role in the mortgage market
and distinguish it from causes of the subprime failure.
These are links to recent working papers and other research by Federal Reserve Bank of Chicago economists on topics related to community development, financial access, consumer and regulatory issues.
Around The District
- Illinois launches Recovery website
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Indiana is now home to Midwest's largest wind farm
- Iowa adds seven new "Main Street" communities
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Granholm announces 10 Promise Zone designations in communities across Michigan
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Treasury enhances CD program
- Priority recovery and reinvestment aid for high-poverty communties
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