“$5 billion is an insultingly small tip to leave on a quarter-trillion-dollar tab,” said Jesse Van Tol, President and CEO of NCRC.
Bloomberg Law, June 20, 2024, Banks, Consumer Groups Tell US Regulators To Unify Merger Plans Consumer advocates want the OCC to rescind Trump-era changes to the use of Community Reinvestment Act, a 1978 anti-redlining law, to inform merger reviews. “The OCC’s proposed rule does not rescind harmful changes to merger application procedures adopted during the
Bloomberg Law: Banks, Consumer Groups Tell US Regulators To Unify Merger Plans Read More »
CFPB, July 9, 2024, CFPB Takes Action Against Fifth Third For Wrongfully Triggering Auto Repossessions And Opening Fake Bank Accounts The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying $20 million in penalties in addition to
A day after Capital One announced support from four community organizations, 138 others blasted the proposed Capital One-Discover merger in a letter.
A Capital One-Neighborworks deal resembles ‘a backdoor endorsement of the merger and a serious conflict of interest just as OCC and Fed staff review the deal.’
NCRC Statement On Capital One’s Promises To Marginalized Communities Read More »
Two recent studies of health equity work show the challenges that community development and public health organizations face in building trust.
The July jobs report hints at a softening economic picture — especially with household budgets continuing to feel the squeeze of inflation.
In memory of a dynamic woman who left positive marks on the communities she served.
Remembering Inez Long Read More »
“If the courts are declaring open season on regulatory decision-making, then we have to make sure corporate America aren’t the only ones fighting.”
NCRC Statement on Supreme Court Ruling In Chevron Deference Case Read More »
Public health outcomes improve when HUD housing vouchers are more widely available.
Health Equity Research Spotlight: Housing Vouchers Improve Physical Health Read More »
A new state-level Community Reinvestment Act from the Illinois legislature offers a roadmap for economic justice.
The Washington Post,June 6, 2024, Biden Says Racial Wealth Gap Is Closing. The Reality Is Complicated. Jesse Van Tol, president and chief executive of the National Community Reinvestment Coalition, said Biden deserves credit for pressing banks to expand special purpose credit programs, which are meant to reduce racial disparities in lending. But he added that there
MarketWatch, June 5, 2024, The No. 1 Issue For Young Americans This Election? Not Student Loans, Abortion Or Guns — It’s Housing. Younger people in the U.S. are so frustrated by the real-estate market that housing affordability has become the top issue influencing their vote in this November’s election, according to a new survey. Record-high
Washington Informer, May 16, 2024, D.C. Agencies Among Top Beneficiaries As HUD Announces $40 Million Boost For Housing Counseling Nationwide Seven D.C. agencies are set to receive a substantial boost in funding totaling nearly $7 million, aimed at expanding housing counseling services for underserved communities. Among the beneficiaries are Housing Counseling Services, Lydia’s House in
Fortune, May 16, 2024, An Obscure 47-Year-Old Law Designed To Right The Historic Wrongs Of Redlining Was The ‘Original ESG Framework,’ Execs Say. Just Look At How Crown Heights And Bed-Stuy Have Changed Within the finance sector, ESG might seem like a trend that’s only really caught on in the past few years—but a lesser-known
