Today, 19 Democratic Senators sent a letter to the Consumer Financial Protection Bureau (CFPB) expressing their disapproval of the agency’s proposed rule to reduce Home Mortgage Disclosure Act (HMDA) reporting. This comes on the heels of a similar letter sent on June 11 by 63 House Democrats. Jesse Van Tol, CEO of the National Community […]
NCRC applauds Democrats in Senate and House for letters to CFPB Read More »
Bank branches matter. Countering the overwhelming messaging from many banks and even some regulators, the National Community Reinvestment Coalition (NCRC) has published several reports over the years that detail how much branches still matter for consumers and communities, even in 2019. Just look at the number of branches that banks opened in the last year, and it is clear that they also know the value of a physical outpost in the community they want to serve.
Bank branches are still essential for small business communities Read More »
Development Specialist posunde@ncrc.org 202-464-2720 Born in Lagos, Nigeria, Peter Osunde is a passionate international citizen specializing in peace, conflict resolution and development. His most recent role was contributing to research efforts in drafting policy papers for women, peace and security at UN Women in New York. He has also spent time in Liberia working for
In 2019, the total student loan debt in America is about $1.5 trillion. According to the New York Consumer Credit Panel, adults under 40 hold 65% of the total student loan debt. Although there has been much said about this figure, the income enhancement offered by a college degree still far outweighs the cost of the debt.
Student loan debt impacts homeownership Read More »
Low-income housing (LIH) programs have existed in some form since the early 1900s, but have drawn ire in modern times as an unreliable and often inadequate form of public assistance. One significant reason for this is the strain low-income housing has on both the physical and mental health of its occupants.
Low-income housing: The negative effects on both physical and mental health Read More »
Today, the U.S. House of Representatives passed the Consumer First Act, a bill introduced last fall by Rep. Maxine Waters (D-California) to protect the Consumer Financial Protection Bureau (CFPB) from efforts by the Trump administration to dismantle it. Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “We applaud
NCRC applauds House’s passage of Consumer First Act Read More »
In September 2018, the Federal Deposit Insurance Corporation (FDIC) released the results of a survey of 1,200 banks on small business lending in America. It found that small business lending is threatened by the decline of smaller banks and the reduction of bank branches in many communities. But just as revealing was what the survey didn’t find. More information that would be essential for policy and regulatory decisions remains concealed, invisible to the public.
Small business lending data is the iceberg in our economic ocean Read More »
GIS Data Engineer, Research jedlebi@ncrc.org 202-393-8305 (Photo) Jad serves as GIS Data Engineer in NCRC’s Research team. He is originally from New York City. Prior to joining NCRC, he worked as a Mapping Technician to Cruise Automation in San Francisco, digitizing interactive environments for autonomous vehicles. He has also held various GIS-focused internships within New
Black people in Washington, D.C., were arrested 10 times as often as their white peers during a recent five-year period that has also seen the capital city top lists of the most rapidly gentrifying cities in the nation.
A new report finds that the 2017 tax reform put $143 a day into the pockets of a top 1-percent family, while middle-class households earning between $40,000 and $110,000 are seeing just $2.75 a day, according to an op-ed in the St. Louis American.
Next City: Economics in brief: Tax breaks worsened racial wealth gap Read More »
KeyBank’s new East Side branch is getting ready to open next month, and its neighbors are noticing. The new branch is a visible piece of the five-year national community benefits plan that Key launched at the start of 2017.
The Buffalo News: KeyBank invests $197 million locally under community benefits plan Read More »
National Community Reinvestment Coalition (NCRC) President and CEO urged more lending and better service for low- and moderate-income communities (LMI) in remarks they made at two recent hearings on the proposed merger between BB&T Bank Corporation and SunTrust Banks, Inc.
NCRC leaders testify on BB&T/SunTrust merger Read More »
In the week since President Trump and Congressional Democratic leaders announced a vague agreement to pursue a $2 trillion infrastructure plan, more than one note of doubt has been sounded. Depending on how the plan is structured, people in America’s rural areas (who arguably need more of an economic boost than anyone else) could be left out.
City Limits: The displacement dangers of the Trump-Democrat infrastructure deal Read More »
Although gentrification tends to improve neighborhood amenities, it can also cause difficulties for long-time residents of poor minority communities. But overall, gentrification isn’t a big source of displacement.
Bloomberg: Poverty is a bigger problem than gentrification Read More »
Dozens of groups involved in community development lending on Friday praised the potential benefits of the pending merger of BB&T and SunTrust Banks, but a small number of leaders raised concerns about potential job losses in certain communities.
American Banker: BB&T, SunTrust clear key hurdle on road to merger Read More »
