Survey Results: NCRC Members Highlight CRA Reform Benefits, But Note Gaps Too
Community Reinvestment Act changes are coming. We asked our members what’s working, what’s not, and what should be done about it.
Developing radical goals for Black homeownership and access to affordable housing
Over the last 50 years, there has been little bridging of the Black/White homeownership divide. During this time of higher interest rates and a higher cost of housing, what can be done to significantly advance Black homeownership and access to affordable housing? We heard from a panel of experts on the type of radical changes needed and practical ways to move us in that direction.
Groups Urge Downgrade To CRA Rating For Utah-Based TAB Bank
The FDIC should penalize rent-a-bank practices that harm consumers, 40 consumer groups wrote in a letter.
40 Groups Urge FDIC To Downgrade TAB Bank
(Download) June 30, 2022 Janet R. Kincaid Deputy Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square, Suite 2300 San Francisco, CA 94105 RE: Community Reinvestment Exam for TAB Bank Honorable Deputy Regional Director Kincaid: The National Community Reinvestment Coalition and the undersigned groups believe that the practices discussed in this comment
Initial Analysis Of 2021 HMDA Data: The Year That Homes Became ATMs Again
Read NCRC’s preliminary analysis of the newly published HMDA data on mortgage lending in 2021.
Advancing racial equity through infrastructure
This panel discussed the ways in which the Bipartisan Infrastructure Law ushers forward an era of promise for advancing equity through infrastructure programs to reconnect communities divided by transportation infrastructure, ensure clean drinking water and create employment pipelines to further economic prosperity in historically marginalized communities of color.
MAP: Here’s Where Changes To CRA Asset Thresholds Will Undermine Community Reinvestment
One out of every five banks in the United States stand to receive a reduction in Community Reinvestment Act obligations. Where will that change be felt?
Resolution To Protect The Community Reinvestment Act – To Ensure That Efforts To Modernize Regulations Do Not Undermine The Intent Of The Law
The following sample resolution provides the history, purpose, and some of the basic functions of CRA and includes the key principles that are critical to preserve in the on-going regulatory reform effort by the nation’s bank regulators. This template is a start and can be adapted by non-profits, localities, state legislatures and other governing bodies moved for immediate adoption. It should
NCRC Members Discuss Community Benefits Agreement Process With U.S. Bancorp
Just Economy Conference 2022 attendees heard from bank executives and NCRC members on the process that goes into striking community benefits agreements.
What’s in the Community Reinvestment Act Notice of Proposed Rulemaking on Healthcare?
What does the historic overhaul of Community Reinvestment Act regulations mean for health institutions?
Re-centering CDFI work on its Civil Rights origin
In this session, we addressed the need to go back to the civil rights roots of CDFIs to address the persistent racial wealth gap.
2022 Just Economy Conference’s Advocacy Week
Nearly 200 members from 36 state delegations, including DC, took our Just Economy message to Capitol Hill for more than 120 virtual meetings with Members of Congress, two of the three federal CRA regulators, and the CFPB. Leading up to Advocacy Week, NCRC had dozens of meetings with state leads and their delegations, two Advocacy Week prep calls with participants,
NCRC, Innovation Council Call For CFPB To Clarify Lender Demographic Data Guidance
The National Community Reinvestment Coalition (NCRC) and a majority of its Innovation Council for Financial Inclusion (IC) called on the Consumer Financial Protection Bureau (CFPB) to clarify how lenders can request and use customer demographic data including race. Such clarity would help lenders to self-test for fair lending by soliciting such data. Federal fair lending
Statement on the Need for An Interpretive Rule Concerning the Solicitation of Demographic Data for the Purposes of Fair Lending Self-Testing
(Download) June 22, 2022 We are a group of fintechs and consumer advocates who share a common interest in making the credit system fairer for historically underserved consumers. On June 29, 2021, the National Community Reinvestment Coalition and Affirm, Lending Club, Oportun, PayPal, Square (now “Block”), and Varo provided a joint statement to the Consumer
Destruction Of Abortion Rights Is An Attack On Lower-Income People
The Supreme Court’s decision to strip away the constitutional right to an abor
Corporate responsibility: Equity in philanthropy and investments
NCRC Just Economy Conference 2022 — Recorded June 13, 2022 NCRC Racial Economic Equity Director Joshua Devine, JPMorgan Chase’s Daniel Okonkwo and Citi Bank’s Ariel Meyerstein discussed recent efforts to improve, expand and better target corporate philanthropic investments to communities of color and ensure that ground-level resources are being routed through organizations led by people of color.
SBA Administrator Isabel Guzman Speaks at The 2022 Just Economy Conference
Moderator: Catherine “Katy” Crosby , NCRC Chairperson Speakers: Isabel Guzman Administrator of the U.S. Small Business Administration (SBA) Transcript: NCRC video transcripts are produced by a third-party transcription service and may contain errors. They are lightly edited for style and clarity. Crosby 00:00 We do have some good news. What we’re going to hear instead from
Q&A: Why Is Data On LGBTQ+ Communities Lost In A Fog?
Why is there a fog around LGBTQ+ demographic data? We asked our experts.
Getting it through our thick heads – Building affordable homeownership is about scale!
The scale of our nation’s inventory crisis demands much more aggressive thinking about sustainable homeownership development.
Fair housing & fair lending trends: A look at housing policies and regulations
Representatives from HUD, the OCC, the DOJ and the CFPB discuss fair housing and fair lending enforcement, coordination, and reform at the 2022 Just Economy Conference.
Discerning a regulatory approach: Crypto currencies and digital assets
Brian Brooks, CEO of BitFury, and Saule Omarova, a Cornell Law professor, in a lively debate explored questions of the right fit for digital assets within the regulatory banking perimeter during a Monday panel at NCRC’s annual conference.
Martin Gruenberg Keynote Address At 2022 Just Economy Conference
FDIC Acting Chairman Martin Gruenberg delivers keynote remarks at the National Community Reinvestment Coalition’s 2022 Just Economy Conference in Washington, DC.
ROUNDUP: 2022 Just Economy Conference Highlights
Here are some highlights of what you might have missed at the 2022 Just Economy Conference!
NCRC Fireside Chat with Lael Brainard and Michael Hsu
NCRC Just Economy Conference 2022 — Recorded June 13, 2022 The National Community Reinvestment Coalition’s President and CEO Jesse Van Tol held a virtual “fireside” chat with Vice Chair of the Board of Governors of the Federal Reserve System Lael Brainard and Acting Comptroller of the Currency Michael Hsu to discuss the notice of proposed
NCRC To Regulators: Reject Bank Mergers That Do Not Show Benefits To The Public
The National Community Reinvestment Coalition (NCRC) filed a comment asserting that reviews of bank mergers must place a greater emphasis on the needs of the public. The Bank Merger Act specifically stipulates that bank mergers must benefit the public. Yet as mergers have halved the number of banks in the United States over the past
