Do CRA Ratings Reflect Differences in Performance: An Examination Using Federal Reserve Data

Key Findings Better outcomes on the retail lending test usually corresponded to higher ratings but the differences in performance were not as wide as expected Performance measures used to assess community loans and investments tended to indicate greater differences in bank performance across ratings categories This paper suggests the need for refining performance measures and

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Kathryn Orr

Director of Entrepreneurship korr@ncrc.org 202.524.4874 Kathryn Orr is NCRC’s Director of Entrepreneurship, coming to the organization as the effects of COVID-19 on the small business community were materializing. She addresses the needs of Washington’s small business owners and equips them with the tools and strategies to strengthen their businesses and continue in the face of

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Adam Rust

Senior Policy Advisor arust@ncrc.org 202.464.2714 Adam Rust is a Senior Policy Advisor at the National Community Reinvestment Coalition, where he pursues the organization’s policy agenda for digital banking and consumer lending, as well as in its primary mission to defend the Community Reinvestment Act. From 2005 to 2020, he was Director of Research at Reinvestment Partners,

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NCRC Comment Letter on Monzo’s Charter Application

(Download) May 21, 2019 RE: NCRC Comment Letter on Monzo’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Monzo’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act and the

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Joint Statement On CRA Rule Changes From OCC

A group of 18 civil rights, consumer protection and industry leaders issued the following joint statement: Today, the Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Reserve Board decided not to join the proposed rule and has offered alternative approaches. The

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Summary Fact Sheet on the OCC’s Final CRA Rule

The Office of the Comptroller of the Currency’s (OCC) final Community Reinvestment Act (CRA) rule released on May 20 would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs.

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The Tightening of the Credit Market and the Perpetuation of the Recession

The government’s emergency spending to help businesses stay afloat isn’t enough to save the economy. Businesses need credit to manage day-to-day operations and to grow – and business lending from banks has dried up during the pandemic. If it doesn’t resume quickly, we’ll likely face a long and deep recession.

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Racial Wealth Snapshot: Asian Americans and the Racial Wealth Divide

Download Infographic Introduction Asian Americans are the fastest growing racial group in the United States, and are predicted to be the nation’s largest immigrant group in 50 years.[1] Asian American is a racial category that includes Americans who are from or whose relatives are from a diverse group of countries: China, Korea, Japan, India, Pakistan,

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Retired or Working, Coronavirus Likely to Doubly Hit Older Americans

COVID-19 is more likely to harm elderly adults. They are also more vulnerable to the economic downturn brought on by the pandemic. In an April data brief, the National Council on Aging (NCOA) studied wealth and income data on adults above the age of 60 throughout the Great Recession. The brief found significant correlations between

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Mortgages and Older Adults after COVID-19

Key Findings 30% of mortgages in 2018 went to older adults. 67% of older adults who took out mortgages were refinancing their homes and 68% of those used the mortgage to access the equity in their homes. Older borrowers were Whiter than younger borrowers. As with younger borrowers, there are racial disparities in interest rates

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Our Interconnected Health: Part 2

Given the connections between health and other sectors outlined in Part 1, multi-sector community partnerships and cross-sector policy efforts are key – both to addressing the spread of COVID-19 and its far-reaching consequences, as well as to improving the health of individuals and communities more broadly. 

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Celebrating Older Americans Month During COVID-19

When president John F. Kennedy designated the month of May as the first Older Americans Month in 1963 (originally called Senior Citizens Month), many older adults across the country lived in poverty, which was partly the impetus for the designation. Additionally, the designation sought to bring awareness to the needs and supports for the well-being

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Health in All Policies

Our Interconnected Health: Part 1

COVID-19 has thrown many things we in public health have long been working on into stark relief for a broader audience: the importance of sufficient public health funding; the role of our physical and social surroundings in determining our health; how policies, systems and environments contribute to health inequities; and (perhaps the most visceral realization) how interconnected we all are – as individuals, communities, organizations and sectors – when it comes to health and well-being. 

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