What you need to know about student loans and the coronavirus pandemic
Student loan borrowers now have more benefits to consider when planning for the potential financial impact from coronavirus.
NCRC Comments Regarding Notice of Proposed Rulemaking (Docket ID OCC–2018-0008 and RIN 3064-AF22)
(Download) April 8, 2020 RE: Notice of Proposed Rulemaking, Community Reinvestment Act Regulations, Docket ID OCC-2018-0008 and RIN 3064-AF22 To Whom it May Concern: The National Community Reinvestment Coalition, an association of 600 community-based organizations that promote access to basic banking services, affordable housing, entrepreneurship, job creation and vibrant communities for America’s working families, believes
Only the 1% Will Survive COVID-19 Pandemic Intact
The one thing that the coronavirus pandemic has revealed is that a full quarantine is an option for the wealthy only, and by the wealthy, the 1%. Only they will survive this pandemic with limited changes to their lives.
Moment of Trust: How Healthcare Professionals and Systems Can Advance Health Equity
Health inequities in the United States have seemingly been exacerbated during the recent coronavirus outbreak. Unfortunately, prior to this pandemic, certain groups like low-income families, patients who do not speak English as a primary language and people of color were among the most susceptible to be treated unfairly and lack appropriate access to care and resources.
Beware of scams related to the coronavirus
It can be even harder to prevent scams right now because people 65 and older aren’t interacting with as many friends, neighbors and senior service providers due to efforts to slow the spread of disease.
Learning from COVID-19 about Community-led Change
Amid COVID-19, we can see the need for both expert advice and ideas that are specific to a community.
Tips for financial caregivers during the coronavirus pandemic
Those who serve as financial caregivers for older adults or people with disabilities may have unique worries and challenges brought on by COVID-19.
A Trillion in Prevention
We are living in an intense time, a time where public policy failures and social inequality are revealing themselves at a level that was hidden by a relatively strong economy.
Spreading Like a Virus: Xenophobia, Racism and COVID-19
When the coronavirus first began to spread widely across the world, anti-Asian sentiments soon began to follow.
2020 Just Economy Conference Cancelled
As much as it hurts our hearts, the health and safety of our participants is our number one priority, and the best way for everyone to stay safe right now is to stay at home.
Study: Proposed Rule Changes to CRA Could Encourage Neglect of Entire Markets By Big Banks
Proposed rule changes to the Community Reinvestment Act (CRA) could encourage the neglect of entire markets by the largest banks, a new study found.
Sign-On Letter asking OCC & FDIC to Suspend CRA Rulemaking during the COVID-19 Crisis
(Download) March 24, 2019 The Honorable Joseph M. Otting Comptroller of the Currency The Honorable Jelena McWilliams Chairman, Federal Deposit Insurance Corporation Dear Comptroller Otting and Chairman McWilliams: On behalf of the undersigned organizations, the National Community Reinvestment Coalition (NCRC) requests an immediate suspension until the end of the health crisis of the comment period for the proposed changes to
Protecting your credit during the coronavirus pandemic
Your credit reports and scores play an important role in your future financial opportunities. You can use these steps to manage and protect your credit during the COVID-19 (coronavirus) pandemic.
National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19
A diverse coalition of community-based organizations called on the OCC and the FDIC to immediately suspend the comment period for the proposed changes to CRA until after the health and financial crisis brought on by the coronavirus global pandemic is over.
Proposed OCC and FDIC Geographic Analysis of Home Mortgage and Small Business Lending: Permission to Decrease Lending for the Largest Banks?
Executive Summary The proposed changes to the Community Reinvestment Act (CRA) released by the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) would radically reconfigure the testing criteria for banks. A new testing regime would assess low- and moderate-income (LMI) home mortgage and small business lending with a demographic comparison
NCRC’s Letter to Congress on COVID-19 Stimulus Provisions
(Download) The Honorable Mitch McConnell Majority Leader U.S. Senate S-230, The Capitol Washington, DC 20515 The Honorable Chuck Schumer Minority Leader United States Senate S-221, The Capitol Washington, DC 20510 The Honorable Nancy Pelosi Speaker U.S. House of Representatives H-232, The Capitol Washington, DC 20515 The Honorable Kevin McCarthy Minority Leader U.S. House of Representatives
NCRC Applauds Federal Reserve, FDIC, OCC Efforts to Expand CRA Credit for Activities in Response to COVID-19
Today, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement providing guidance to financial institutions on how they can receive credit on their Community Reinvestment Act (CRA) activities to low- and moderate-income people and communities affected by the coronavirus.
Protect yourself financially from the impact of the coronavirus
As you plan for the potential impact of the coronavirus, there are a number of steps that you can take to help protect yourself or a loved one financially, both in the short and long term.
NCRC Applauds Congress and Trump Administration Efforts to Keep People in Their Homes, But More Needs to Be Done
“Today, we saw Congress and President Trump take important steps to protect Americans against both health and economic repercussions of COVID-19….this is a great first step, but there will need to be others,” said Jesse Van Tol, CEO of NCRC.
NCRC Supports COVID-19 Housing And Financial Protections For Individuals and Small Businesses
The coronavirus is quickly spreading across America, raising concerns that aren’t only health related. While the full economic implications of the disease are still unknown, what we do know is that the people who will face the biggest financial impacts of COVID-19 are the same people who are already financially strapped.
Community Participation in Fair Housing Planning Process Under Threat
Earlier this year, the U.S. Department of Housing and Urban Development (HUD) released a new proposed rule to change the affirmatively furthering fair housing (AFFH) rule of the Fair Housing Act (FHA). This new proposal aims to set back years of progress by no longer enforcing meaningful community participation in the AFFH process. Without the crucial input of local community members who face housing inequalities, the new rule eliminates the main elements of accountability meant to address discrimination and inequality.
Coronavirus and the Social Determinants of Health
Conditions in our environment where we live, work, learn and play affect a range of health outcomes. Now, faced with a global pandemic, we may soon learn just how detrimental viral diseases may be for struggling communities.
Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities
Nearly all banks that earned passing marks under current rules would be able to reduce their mortgage lending to low- and moderate-income (LMI) borrowers and communities under new rules proposed for the Community Reinvestment Act (CRA), a new study found.
NCRC Applauds Federal Reserve’s Release of CRA Data
“We applaud the Federal Reserve’s release of CRA data. They are practicing transparency and we look forward to fully analyzing the data. We’re also curious what it may reveal or imply about the OCC and FDIC proposal. The OCC and FDIC have failed to release data they referenced in their rule proposal,” said Jesse Van Tol, CEO of NCRC.
Why Organizations Should Invest in Home Repairs to Improve Health
This article originally appeared on Shelterforce. A closer look at the relationship between health and the home repair needs of lower-income households. Medical and public health research has established clear and persuasive links between poor housing conditions and negative outcomes for residents’ physical and mental wellbeing. Inadequate housing can exacerbate chronic health issues, expose occupants to
