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Bridging Differences in Access
to Capital, 40 Years After CRA
July 18, 2017
Why This Matters
What Do We Know
What Should We Do
Why This Matters
Access to Capital =
“The American Dream”
Past/Present Systemic Inequities
Geographic/Technological Shifts
Revisiting our Regulatory
Framework
What We Do Know
What We Can Know is A Lot…
…But Has Its Limits
What Have We Worked On
Philadelphia Lending Activity ($B)
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
Home Small Business
2007 2011 2015
Philadelphia Lending Activity ($B)
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
# Apps # Prime Loans # Denials
2007 2011 2015
% of Home Loans to Borrowers That
Are…
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Afr-Am Hisp LMI
2007 2011 2015
Denial Rate Ratio
0
0.5
1
1.5
2
2.5
Afr-Am/White Hisp/White LMI/MUI
2007 2011 2015
Philadelphia Small Business Loan
Counts
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
# Loans In LMI Tracts To <$1M Rev Firms
2007 2011 2015
Philadelphia Branch Locations
0
50
100
150
200
250
300
350
400
Total # In LMI Tracts In Minority Tracts
2007 2011 2015
Visualizing the Data at a Hyper-
Local Level
Home Lending in NYC
Region
Visualizing the Data at a National
Level
Home Lending in 25
Cities
What Should We Do
Acknowledge the Existence, Complexity,
and Relevance of the Problem
Make Sure the Data Exists to Suss
Out Real Trends and Bad Actors
Advocate for Good Bank Behavior
Going Beyond 40 Years of CRA
Thank You!
Lee HuangSenior Vice President and Principal
Econsult Solutions, Inc.
215.717.2777
1435 Walnut Street, 4th Floor
Philadelphia, PA 19102
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