The Wall Street Journal: Bank regulator pitches low-income lending rule changes on US road trip
As banking services move online, many agree implementation of regulations should change—but not everyone agrees how.
Next City: Breaking through and breaking down the Delmar Divide in St. Louis
For generations, racial covenants and redlining devastated housing in the city’s historically African-American neighborhoods north of Delmar Boulevard. Now a new mortgage program seeks to reduce hypervacancy and make homeownership feasible for residents.
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ABC News: Trump rule to make it tougher to prove discriminatory housing practices
The Trump administration on Friday proposed a new rule that would make it harder for Americans to file complaints of housing discrimination, a move officials said was necessary to protect businesses from unnecessary legal exposure.
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The Washington Post: The real reasons DC has a gentrification problem
Many studies have concluded that the CRA has a significant positive impact on lending to minority and low- and moderate-income borrowers.
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POLITICO: HUD proposes rule setting higher bar for housing discrimination claims
The Department of Housing and Urban Development released a proposed rule Friday that would make it more difficult to bring discrimination claims under the Fair Housing Act, a move that is drawing protests from civil rights groups.
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American Banker: HUD plan to alter anti-discrimination rule called ‘deeply cynical’
The Department of Housing and Urban Development has published a proposed rule that would amend its “disparate impact” standard to effectively make it more difficult for consumers to allege discrimination under the Fair Housing Act.
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Washington Business Journal: Gentrification at work
That’s when “an influx of investment and changes to the built environment lead to rising home values, family incomes and educational levels of residents,” according to the National Community Reinvestment Coalition.
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The Chicago Crusader: Report shows disparities in bank lending
Banks lend to wealthier, whiter, and urban Illinois communities while rural, lower-income, and minority areas struggle.
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Shelterforce: Behind the scenes of NCRC’s gentrification report
We sat down with Bruce Mitchell, National Community Reinvestment Coalition senior research analysis, to hear more about what their report on gentrification shows, how they’re thinking about the findings, and what the policy implications might be.
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The Blade: JumpStart can help workforce goals
KeyBank worked with the National Community Reinvestment Coalition to offset controversy over the job losses and branch closures caused by the acquisition.
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AP: Obama library brings elation but also fear of displacement
Chicago ranks third among the nation’s largest cities, after New York and Los Angeles, for most neighborhoods that have gentrified, though it hasn’t seen as intense of a wave as other places, according to a National Community Reinvestment Coalition study this year.
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NCRC strongly condemns HUD proposed rule change that severely weakens the Fair Housing Act
The U.S. Department of Housing and Urban Development (HUD) today announced a proposed rule change that would severely weaken the “disparate impact” protection under the Fair Housing Act, which requires banks, landlords and other housing providers to choose policies that apply fairly to all persons.
Reading list: Voices to broaden our horizons
From autobiographies on inspirational women to fictional novels set in African tribal nations, reading these books will provide you with a variety of diverse perspectives.
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Community groups call on Trump administration to make homeownership more accessible and affordable for LMI and minority families, not less
A coalition of housing, consumer protection and community development organizations yesterday called on the Trump administration to not undermine policies that help low- and moderate-income (LMI) people buy homes, and avoid changes that would make home-buying harder for millions.
Report: Bank regulators need to plug loopholes in Community Reinvestment Act exams
The NCRC study, based on government exams of the nation’s 50 biggest banks, found some banks get credit for investments outside of their assessment areas (AAs) even when those banks underinvested in the areas they are supposed to serve first. Meanwhile, other banks get little or no credit outside of assessment areas.
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