Category: Peter Conti-Brown

Current Scholarship
Risk, Discretion, and Bank Supervision

Peter Conti-Brown (University of Pennsylvania) and Sean Vanatta (University of Glasgow)

Using the rich history of supervision in the United States from the antebellum period to the present, this article presents a theoretical conception of supervision as the space where bankers and the government engage each other in sometimes cooperative, sometimes contentious disputes with substantial influence on the direction of financial and economic policy.
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Risk, Discretion, and Bank Supervision”

Current Scholarship
Banking on a Curve: How to Restore the Community Reinvestment Act

Peter Conti-Brown, The Wharton School, University of Pennsylvania; Brookings Institution; and Brian D. Feinstein, The Wharton School, University of Pennsylvania

The Community Reinvestment Act (CRA) of 1977 has failed to meaningfully reduce the prevalence of “banking deserts” across lower-income communities or to reduce the racial wealth gap. As a corrective, banks should be graded on a curve, which would enable the CRA to fulfill its promise: to expand access to credit, spur investment in overlooked areas, and combat racial inequities through the financial system.
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Banking on a Curve: How to Restore the Community Reinvestment Act”