In the News

The Nonprofit Quarterly, May 10, 2023, National Gathering Looks To Address Root Causes Of Inequality “We know that redlining and segregation was not just a phenomenon that has to do with banks,” Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said. “Institutional racism means that many institutions were implicated in the creation of …

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Consumer Reports, May 11, 2023, What to Do if You Are Denied a Mortgage Incomplete or unverifiable information is another primary reason for mortgage loan denials, according to a 2020 analysis from the National Community Reinvestment Coalition, a national organization of community groups. Besides paystubs, tax returns, and W-2 income statements from your employer, lenders …

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San Bernardino American News, May 9, 2023, Over 80 Groups Tell Federal Regulators Key Bank Broke $16.5 Billion Promise Cross-Country Redlining Aided Wealthy White Communities While Excluding Black Areas  “If you or I break a promise to our bank, they hold us accountable with fees. When a bank breaks promises, the law says there are …

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PR Newswire, May 9, 2023, First Horizon Commits $50 Million To Its Communities Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, commented, “First Horizon has been a reliable, trusted partner for NCRC and many of our nonprofit members for years. We are thrilled that our communities will continue to benefit from the leadership …

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American Banker, May 8, 2023, With TD’s Acquisition Called Off, So Is Its Community Benefits Plan The five-year agreement with community groups, which was unveiled in February, was contingent on the completion of the merger, a TD spokesperson said in a statement. The bank will continue its dialogue with the National Community Reinvestment Coalition and …

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Banking Dive, May 5, 2023, KeyBank agrees to third-party racial equity audit The National Community Reinvestment Coalition asked the Federal Reserve and the Office of the Comptroller of the Currency to downgrade KeyBank’s Community Reinvestment Act rating in a letter March 31. The NCRC published a report in November asserting that KeyBank had the lowest percentage of mortgage originations to Black borrowers …

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My Little Falls, May 8, 2023, Small Businesses – The Heart And Soul Of Today’s Rural Communities The vibrancy of any small town can be measured by the economic health of their small businesses. These community assets generate long-term economic development that meets authentic community needs. By supplying jobs to their communities, these entrepreneurs promote economic …

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Ohio Wesleyan University, May 8, 2023, Expanding Understanding Marquel Henry, a junior from Dayton, Ohio, and Dillon Shelton, a junior from Solon, Ohio. They used their DEI Grant to attend the Just Economy Conference 2023, held March 29-30 in Washington, D.C. Sponsored by the National Community Reinvestment Coalition (NCRC), the conference seeks to bring together “community, …

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Biz New Orleans, May 11, 2023, In Wake Of Scratched Merger, First Horizon Commits $50M To Foundation “First Horizon has been a reliable, trusted partner for NCRC and many of our nonprofit members for years,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition. “We are thrilled that our communities will …

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Commercial Appeal Memphis, May 5, 2023, First Horizon, TD Bank Call Off $13.4 Billion Merger However, even after TD Bank announced a five-year, $50 billion Community Benefits Plan agreement developed in coordination with the National Community Reinvestment Coalition to benefit areas across TD Bank’s expanded presence once the merger is complete, that did not help the deal get over the …

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The American Prospect, May 1, 2023, Fintech’s Latest Scheme These days, that’s hard to come by. According to a February 2022 report from the National Community Reinvestment Coalition, banks have rapidly closed since the Great Recession, a trend which accelerated throughout the pandemic. In numerical terms, from 1984 to 2021, the number of banking institutions dropped from …

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Thomas Reuters Westlaw Today, April 24, 2023, Consumer Finance Roundup For April 2023 At the National Community Reinvestment Coalition (NCRC) conference on March 30, 2023, Acting Comptroller Michael Hsu delivered remarks on elevating fairness in banking. Hsu explained that fairness is a core part of the mission and activities of the Office of the Comptroller of the Currency (OCC), …

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Teen Vogue, April 21, 2023, Redlining And Hotter Neighborhoods: How Racist Housing Policies Created Urban Heat Islands The system worked like this: green and blue neighborhoods were deemed “best” or “still desirable,” and primarily white residents of these areas received the most loans. Only 15% of residents from yellow, or “definitely declining” areas received loans. And red, …

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Alabama News, April 11, 2023, Birmingham City Council Creates New Fair Housing Committee Among its initiatives to improve housing opportunities, Birmingham has partnered with the National Community Reinvestment Coalition in a program called GROWTH by NCRC to build 200 homes around the city, with Woodlawn and Oak Hill in Belview Heights as initial demonstrations of that plan.

Bloomberg, March 30, 2023, Can Denver’s Next Mayor Find A Fix For Homelessness? According to multiple polls, homelessness and affordable housing are two of the top issues Denver voters care about in this election. For good reason: Colorado’s sheltered chronically homeless population jumped up 266% between 2007 and 2021, more than any other state. Meanwhile, surging rents in many Denver …

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