Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
Most Americans who acquired the first home in their lineage would not have been successful if the rules today applied to them then. A new OpEd from NCRC’s John Taylor.
Banks are moving away from lending to low- to moderate-income borrowers and borrowers of color, the National Community Reinvestment Coalition reported in an analysis of new data on mortgage lending from the Consumer Financial Protection Bureau.
Next City: Banks have ‘Almost Completely’ abandoned low-income borrowers Read More »
“I think their agreement is no better or no worse than many of our agreements,” said Van Tol, chief executive of the Washington-based National Community Reinvestment Coalition. This was the seventh agreement with banks he has negotiated in two years.
Commercial Appeal: First Tennessee’s $4 billion push into poorer neighborhoods Read More »
Jesse Van Tol, CEO of the National Community Reinvestment Coalition (NCRC), shared his experience with community benefits and building community power.
Wilson Center: Bottom up politics Read More »
A top federal bank regulator has floated no longer enforcing lending rules for the poor based on the locations of a bank’s physical branches, a change likely to be opposed by NCRC and other community groups.
Wall Street Journal: Shake-up considered on how banks lend to the poor Read More »
Listen to NCRC’s Jesse Van Tol discuss the rise of banking deserts and important CRA news in Washington, DC.
The new branch locations will increase housing accessibility for low-income neighborhoods, according to Jesse Meisenhelter, spokesperson of NCRC.
The Hoya: JPMorgan Chase set to increase philanthropic investments in DC area Read More »
What do Baltimore, Dallas, and Miami have in common?
Slate: Redlining has taken a huge toll on property values. But not everywhere. Read More »
Decades of banking bias have left many unfairly cut out of home ownership, local and national reports show, but one national organization is partnering with a Chattanooga grassroots nonprofit organization to combat the inequity one bank at a time.
Chase’s arrival in the D.C. area is significant in part because it has been accused of lending discrimination here.
JPMorgan Chase will open 70 new branches in the District.
Reveal: Chase announces major expansion in DC Read More »
Wells Fargo could face a $1 billion fine from the CFPB, the largest in history, but is that enough? Join Stacy Cowley, Kerri Miller, and NCRC’s John Taylor. Also discussed, Mick Mulvaney’s CFPB, breaking up the big banks, and El Chapo’s drug cartel.
MPR News: How consumers can protect themselves from potential abuse by big banks Read More »
Fair-lending enforcement would not happen in earnest until years after the Fair Housing Act, not until the Community Reinvestment Act of 1977 required financial institutions go on record about what they considered their market area. The law intentionally created a conundrum for any institution that was redlining: How could it accept deposits from customers to whom it was unwilling to lend?
CityLab: How the Fair Housing Act failed black homeowners Read More »
Bank regulators have not even proposed a plan yet for overhauling the Community Reinvestment Act, but stakeholders likely to weigh in on the plan are already establishing battle lines.
American Banker: No shortage of ideas on CRA overhaul as official plan remains mystery Read More »
The report “addressed what we have for a long time talked about with assessment areas. We think that is a step in the right direction,” said John Taylor, President and CEO of NCRC. But Taylor wanted to make sure that regulators do not lose sight of the importance of branch locations if they expand the assessments to other areas.
American Banker: 5 takeaways from Treasury’s call to action on CRA Read More »
