NCRC And SouthState Bank Announce $8.3 Billion Plan To Support Underserved Communities
The $8.3 billion five-year community plan will bring significant new resources to communities across SouthState Bank’s footprint.
Industry members of the Innovation Council urge regulatory stabilization at the CFPB
(Download) March 19, 2025 Majority Leader John Thune United States Senate SD-511 Washington, D.C. 20510 Minority Leader Charles Schumer 322 Hart Senate Office Building Washington, D.C. 20510 Re: Industry Support for the Rapid Confirmation of a Permanent Director of the CFPB To the Honorable Majority Leader Thune and Honorable Minority Leader Schumer, As members of
NCRC and CDFI Members Urge Congress to Protect the CDFI Fund From Elimination
(Download) March 21, 2025 Senator Mark Warner Senator Mike Crapo Senator Thom Tillis, Chairman, Financial Institutions and Consumer Protection Senator Catherine Cortez Masto, Ranking Member, Financial Institutions and Consumer Protection Rep. Andy Barr, Chairman, Subcommittee on Financial Institutions Rep. Bill Foster, Ranking Member, Subcommittee on Financial Institutions Dear Senator Warner and Senator Crapo; Chairman Tillis
Women Who Lead: The Heart and Strength of NCRC
At NCRC, we take immense pride in the incredible women who make our workplace stronger, smarter and more inspiring every day. Their intelligence, dedication and passion fuel our mission and shape the foundation of who we are. Having them as part of our team is both a privilege and a blessing. In addition to their
Odds of Recession Rise While Tariffs Dampen Consumer Outlook: March 2025 Race, Jobs and the Economy Update
Analysis of Topline Figures in the March BLS Report In February, the economy added 151,000 jobs, while the unemployment rate ticked up to 4.1%. Although the topline figures are relatively solid, especially considering the current tumultuous political climate, the report does contain some concerning red flags. The government sector only added 11,000 jobs, while the
NCRC Comment Letter in Opposition to Stellantis Bank USA Application for Deposit Insurance
March 15, 2025 Paul Worthing Regional Director San Francisco FDIC 25 Jessie Street at Ecker Square, Suite 2300 San Francisco, CA, 94105-2780 CRACommentCollector@FDIC.GOV Re: National Community Reinvestment Coalition Opposition to Federal Deposit Insurance Application for Stellantis Bank USA Director Worthing: We appreciate the opportunity to comment on Stellantis’ application for deposit insurance as part of
NCRC Statement: Mistake To Attack The Bipartisan CDFI Fund
A Trump executive order attacking the CDFI Fund endangers “one of the most bipartisan and highest-leverage tools we have to revitalize American neighborhoods.”
How Effective Public-Private Housing Partnerships Could Provide Relief for Housing Insecure Students and Residents
The unincorporated community of Isla Vista, California, is home to just 15,500 people, but its population density rivals that of Los Angeles. This small strip of coast boasts uninterrupted views of the Pacific — and some of the highest housing prices in the nation. While the main University of California-Santa Barbara (UCSB) campus is to
NCRC and Member Organizations Send Letter to Congress Opposing Cuts to HUD Funding
(Download) Congressman Steve Womack, Chair Congressman James E. Clyburn, Ranking Member Subcommittee on Transportation, Housing, and Urban Development and Related Agencies House Committee on Appropriations Senator Cindy Hyde-Smith, Chair Senator Kirsten Gillibrand, Ranking Member Subcommittee on Transportation, Housing, and Urban Development and Related Agencies Senate Committee on Appropriations VIA EMAIL March 10, 2025 Dear Chairs Womack,
NCRC Announces New Housing Counseling Training Series
The National Community Reinvestment Coalition (NCRC) recently announced a new three-session training series designed specifically for housing counselors to deepen their understanding of fair housing rights, responsibilities and enforcement requirements. The interactive series, Fair Housing Navigator: A Guide for Housing Counselors, will provide practitioners the tools and knowledge needed to help clients navigate housing challenges,
212 Community Development Organizations Call On Congress To Restore CDFI Funding That Boosts Growth
Congress should reassert the power of the purse by restoring Community Development Financial Institution (CDFI) funding and programming recently frozen by the Executive Branch, the National Community Reinvestment Coalition (NCRC) and 211 local community development advocates urged in a letter to legislators on Friday, February 28. “Investing in CDFIs should not be a partisan issue,”
CFPB Dismissing Lawsuit Against Capital One Betrays Consumers
In response to reports that the Consumer Financial Protection Bureau (CFPB) dismissed its lawsuit against Capital One for defrauding consumers out of more than $2 billion in interest payments on savings accounts, NCRC released the following statement: “The dismissal action today from the CFPB sends a signal that big corporations can bamboozle consumers and suffer
The Federal Workforce, The Creation of the Black Middle Class, and its Tenuous Future: A Black History Month Reflection
In 1926, historian and author Dr. Carter G. Woodson and the Association for the Study of African American Life and History (ASALH) established Negro History Week to celebrate the achievements of Black Americans and to foster a sense of collective memory for a people facing constant dehumanization. The ASALH has chosen the theme of “African
NCRC’s Sign-on Letter About Proposed Cuts to the US Department of Housing and Urban Development
(Download) Congressman Steve Womack, Chair Congressman James E. Clyburn, Ranking Member Subcommittee on Transportation, Housing, and Urban Development and Related Agencies House Committee on Appropriations Senator Cindy Hyde-Smith, Chair Senator Kirsten Gillibrand, Ranking Member Subcommittee on Transportation, Housing, and Urban Development and Related Agencies Senate Committee on Appropriations VIA EMAIL February 27, 2025 Dear Chairs Womack,
Trump’s Federal Funding Freeze Devastated Nonprofits. Was It Legal?
President Trump ordered a funding freeze on numerous federal programs that provided financial assistance for “foreign aid, nongovernmental organizations, DEI, woke gender ideology and the Green New Deal”, according to a memo released by the Office of Management and Budget. The order immediately impacted several nonprofit and nongovernmental organizations that receive federal funding to carry
Federal Worker Layoffs And Political Conflict Create An Uncertain Future: February 2025 Race, Jobs And The Economy Update
Recent economic data paint a strong picture, but the impact of mass federal worker layoffs and other Trump administration actions has yet to arrive.
How NCRC Is Fighting To Preserve Government Data – And How You Can Help
Crucial government data is under threat across almost every field. Help us preserve those public records.
NCRC Announces New SNAP E&T Workforce Development Training Series
The National Community Reinvestment Coalition (NCRC) today announced a new Supplemental Nutrition Assistance Program Employment and Training (SNAP E&T) Workforce Development training series as part of the 3-year $1.3 million grant from the US Department of Agriculture (USDA). The series will provide community-based organizations and job-training providers with the tools and resources necessary to build
Sign On Letter To Protect Annual Funding For The CDFI Fund
(Download) February 18, 2025 The Honorable Bill Hagerty Chair Appropriations Subcommittee on Financial Services & General Government US Senate 251 Russell Senate Office Building Washington, DC 20510 The Honorable David Joyce Chair Appropriations Subcommittee on Financial Services & General Government US House of Representatives 2065 Rayburn House Office Building Washington, DC 20515 The Honorable Jack
NCRC Opens New Housing Counseling Services Grant Application As Part Of Its Field Empowerment Fund
The National Community Reinvestment Coalition (NCRC) today opened applications for a new Housing Counseling Services (HCS) grant application within its already well-established, multi-year Field Empowerment Fund (FEF). Through a partnership with KeyBank, $2.5 million has been allocated for direct-to-client housing counseling services that will be awarded in three rounds: 2025 Round: $850,000 2026 Round: $850,000
Next Generation Of Community Development Leaders: Join NCRC For The Emerging Leaders Reception At The 2025 Just Economy Conference
The National Community Reinvestment Coalition (NCRC) invites young professionals to join us for the Emerging Leaders Reception, March 26, from 5 to 6 pm ET during the 2025 Just Economy Conference. The conference schedule includes an array of sessions on organizing, policy advocacy, community and economic development with leaders working towards a just economy. NCRC’s Emerging Leaders Reception*
NCRC Reacts To Illegal, Chaotic Attacks On CFPB
Sec. Russell Vought, an author of Project 2025, is subverting the CFPB’s work on behalf of American consumers.
NCRC Statement On Sec. Bessent’s Freeze Of CFPB
In reaction to reports that Treasury Secretary Scott Bessent has frozen all activity at the Consumer Financial Protection Bureau, the National Community Reinvestment Coalition (NCRC) released the following: “Stopping the work of the CFPB means inviting scammers and swindlers into working families’ bank accounts,” said Jesse Van Tol, President and CEO of NCRC. “It means
Member Applications Now Open For NCRC Fellowship For Equitable Development
The National Community Reinvestment Coalition (NCRC) is launching the fourth year of its transformative fellowship program that matches top-level master’s degree students with esteemed community development organizations. The NCRC Fellowship for Equitable Development offers a unique opportunity for fellows to gain hands-on experience, kickstart their professional development and contribute to innovative projects. In return, organizations
NCRC Statement On Firing Of CFPB Dir. Rohit Chopra
Community advocates react to the news that President Donald Trump has fired CFPB Director Rohit Chopra.