Promotion Of Credit Markets And Fair Legal System,

This paper aims to probe into the fair problems of credit markets, basing myself on the discriminations of current credit markets in our country, observes and studies the successful experience of the legal system of the United States——the Community Reinvestment Act, which passed in response to concerns about redlining of minority and low-income areas. The purpose of this paper is to establish the Community Reinvestment legal system of our country to promote the fair of credit markets.There are three parts in this paper: Foreword,The main body,Conclusion. The foreword part mainly probes into our country's postal savings, which only absorbs savings but not loans, causes outflow of the funds in the not flourishing and village region. It's a typical discrimination of credit to not flourishing and village region. The main body is divided into three parts: The Fair Problems of Credit Markets and Sources,The CRA's Effort to Promote the Fair of the United States's Credit Markets,The Thinking of Establishing the Community Reinvestment Legal System of Our Country to Promote the Fair of Credit Markets.The first part: The Fair Problems of Credit Markets and Sources. The first section briefly observes and studies the typical discriminations of credit in the two counties. I think that discriminations of credit markets in our country mainly express in the postal savings which only absorbs savings but not loans,ownership and line business,business enterprise scale,region and so on. But in the United States mainly express in the redlining and community disinvestment. The second section probe into the discriminations of credit's sources, thinking that market failure is the basic reason of the discriminations of credit in the two counties. The second part: The CRA's Effort to Promote the Fair of the United States's Credit Markets. The congress of USA enacted the CRA to eliminate the discriminations of credit as redlining and community disinvestment in the United States and obtained anticipant effect. Therefore, I think that the introduction of CRA's main contents,modification process,important system and effect is meaningful to establish the legal system of our country to promote the fair of credit markets. This part is the first point of this paper and is divided into foursections. The third part: The Thinking of Establishing the Community Reinvestment Legal System of Our Country to Promote the Fair of Credit Markets. This part is the second point of this paper with its emphasis on solving the problems. This part puts forward to establish the Community Reinvestment legal system of our country to promote the fair of credit markets on the foundation of the second part. I also do some thinking about the implement of related system in our country.And the last part is brief conclusion of this paper.