Riegle Neal Community Development and Regulatory Improvement Act. The RNCDRIA was passed in 1994. Among other things, the Act established the Community Development Financial Institutions Fund, a wholly owned government corporation, to provide financial and technical assistance to Community Development Financial Institutions. The Act also instituted new rules to curb “reverse redlining,” relaxed certain capital requirements, and reduced a number of bank regulatory burdens and paperwork requirements.

Featured definitions