Substantial changes in the structure and operation of the U.S. financial system during the last quarter century have reduced the flows of credit and banking services to low-income and minority communities. This article explains how the operation of basic technological, economic, and political forces has transformed the financial institutions of U.S. capitalism; examines the consequences of this transformation for the residents of low-income and minority communities; and explores how the grassroots-based community reinvestment movement has effectively adapted its strategy and objectives to "the ongoing revolution In American banking."
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