Have Banks, After 25 Years, Made Peace with the Community Reinvestment Act?

When Congress enacted the Community Reinvestment Act of 1977 (CRA), many financial institutions bristled at the thought of additional regulatory oversight, particularly when it would require the industry to lend to low-and moderate-income neighborhoods. In the 25 years since its enactment, does the CRA still inspire resistance from banks? Given its turbulent beginning, how effective has the CRA been and how can it be improved? … [ Read more ]

MobilCom AG: Countdown to Liberalisation

MobilCom has an ear for its business – the reselling of mobile phones – and its sharp senses have also picked up on a diversification opportunity in Germany. Should this young, successful company plunge into the action, or is the deal too much to handle too fast? In their case studies, Erol Ali Dervis and Professor Laurence Capron explain how this company handled those questions. … [ Read more ]