In the News

American Banker, February 20, 2024, 5 Key Drivers Of The Capital One-Discover Merger The deal is subject to regulatory approval and it’s already raised concern among watchdog groups like the National Community Reinvestment Coalition for its potential to combine two of the largest credit card issuers’ portfolios. But Capital One’s plan to flow a significant […]

POLITICO, February 20, 2024, What’s Washington’s Appetite For Bank M&A? The National Community Reinvestment Coalition said it opposes the merger. NCRC president and CEO Jesse Van Tol slammed Capital One’s record in previous deals and said the takeover would pose “massive” antitrust concerns because of the vertical integration between Cap One’s credit card lending and Discover’s card

Reuters, February 20, 2024, Discover Financial Rises On Capital One’s $35 Billion Deal, Payment Processors Fall The deal was opposed by Washington-based advocacy group National Community Reinvestment Coalition. “It is very difficult to imagine how federal regulators could allow Capital One to buy Discover given the requirement that mergers benefit the public as well as

The Washington Post, February 20, 2024, Capital One To Acquire Discover For $35.3 Billion In All-Stock Deal Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a consumer advocacy group, predicted heavy scrutiny from regulators and community groups. “Heavy regulatory scrutiny is an understatement,” he said on social media.

The New York Times, February 19, 2024, Capital One To Acquire Discover, Creating A Consumer Lending Colossus But consumer advocates pushed back on the possible deal, saying it posed antitrust concerns. “It is very difficult to imagine how federal regulators could allow Capital One to buy Discover given the requirement that mergers benefit the public

AP, February 19, 2024, Capital One Will Buy Discover For $35 Billion In Deal That Combines Major US Credit Card Companies “The deal also poses massive anti-trust concerns, given the vertical integration of Capital One’s credit card lending with Discover’s credit card network,” said Jesse Van Tol, president and CEO of the National Community Reinvestment

AlJazeera, February 20, 2024, US Banking Giant Capital One to Buy Discover Financial For $35.3bn Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, said the acquisition would likely raise concern among regulators, including the Federal Trade Commission and Consumer Financial Protection Bureau “Retailers might also oppose? I can’t think of [a] bank

NPR, February 15, 2024, Why Banks Are Fighting Changes To An Anti-Redlining Program MA: This is Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a group that advocates for equitable housing policy. He says not only did the FHA discourage banks from lending in neighborhoods where mostly people of color lived. It also

The Christian Science Monitor, February 14, 2024, Why Boston’s Wealth Back Bay Said Yes, In Our Backyard In the United States, Boston is the third-most-expensive city for renters, according to January data from the rental platform Zumper. In 2020, Boston was ranked the third-most-gentrified city, according to a study by the National Community Reinvestment Coalition.

Ohio Wesleyan University, February 14, 2024, Ten Ohio Wesleyan Students, Employees Earn 2023-2024 Diversity, Equity, And Inclusion Grants First-year students Ella Lazare of Oakland, California, and Daniela Flores of Norristown, Pennsylvania. They are using their grant to attend the Just Economy Conference 2024, sponsored by the National Community Reinvestment Coalition (NCRC) and widely considered the leading national conference on

NPQ, February 13, 2024, Improvisation Over Strategy: What Nonprofit Managers Can Learn from Theater SD: At a National Community Reinvestment Coalition Conference last year, you mentioned you majored in sociology and theater. That does not seem to be a typical background for a CDFI leader. Can you talk about how you made that journey and

Daily Journal, February 10, 2024, First Financial Bank Announces Community Benefits Agreement First Financial Bank has entered into a new $2.4 billion, five-year community benefits agreement with the National Community Reinvestment Coalition and related partner organizations, establishing goals for lending and investments to low- and moderate-income clients and census tracts. The new agreement follows the

Upstate Business Journal, February 11, 2024, TD Bank Announces $20B Community Impact Plan For 14 States, Including SC TD Bank recently announced a three-year community impact plan to provide an estimated $20 billion in support to diverse and underserved communities. The plan was developed with insight from the National Community Reinvestment Coalition. Its strategy is to target communities

Knau, February 9th, 2024, Report Highlights Lack Of Access To Bank Loans On Navajo And Hopi A report from the National Community Reinvestment Coalition highlights the difficulty of getting bank loans on the Navajo and Hopi nations. The authors say a lack of access to banking services has profound effects on housing, business, and public

American Banker, February 7, 2024, For Banks, Now Is A Good Time To Sue Your Regulator Over CRA Consumer advocates like Jesse Van Tol, CEO and president of the National Community Reinvestment Coalition — a group that has long advocated for revised CRA rules — said the banking industry’s opposition to revitalizing a civil rights law undercuts