Scholarly evaluations of anti-discrimination lending policies, such as the Community Reinvestment Act, find no evidence that they caused the subprime mortgage bubble, showing instead that loans to low-income borrowers did not drive the crisis.
The claim attributes the subprime mortgage bubble directly to anti-discrimination efforts, frequently pointing to regulations like the Community Reinvestment Act (CRA). Multiple retrieved papers directly address and refute this hypothesis, demonstrating that the CRA did not force risky lending or cause the financial crisis, and that increased lending to low-income borrowers did not lead to higher default rates. There are no retrieved papers supporting the claim.