You’ve got to be kidding me! The CRA was a bad law that kept getting ratcheted up over the last 30 years. Banks were forced to abandon their sound lending practices of requiring good incomes, good credit, and significant down payments. A ‘financial education’ class is hardly a compensation for homebuyers who don’t have any of the above.
Sorry, but a lot of bad loans had nothing to do with CRA. They were not even to poor people. Banks abandoned their “sound lending practices” all on their own. And investment houses kept creating bad investment instruments with bad loans. That was a choice not dictated by CRA.