In the News

American Banker, January 13, 2021, BankThink Fintechs that get bank charters should be subject to CRA. Period. While consumer groups and the banking industry sometimes disagree, there’s one thing we do agree on: the need to stop the Office of the Comptroller of the Currency’s last-minute attempt allowing fintechs to become national banks without adhering […]

Homestead exemption has proven an effective measure to preserve original homeowners as reported by Jesse Van Tol, CEO of National Community Reinvestment Coalition in his article “Yes, You Can Gentrify Neighborhoods Without Pushing Out Poor People” in The Washington Post.

“Congratulations to President Joe Biden and to Kamala Harris, who today achieved many firsts as Vice President of the United States: Black, South Asian, woman and mom,” NCRC CEO Jesse Va Tol said.

The National Community Reinvestment Coalition, a group that consistently battled with the Trump administration’s OCC leaders, believes that both Barr and Baradaran are “phenomenal candidates with excellent financial reform credentials,” said Gerron Levi, senior director of government affairs at the NCRC.

Renae A. Badruzzaman, Program Manager at Build Healthy Places Network, interviews Karen Kali, Senior Program Manager at National Community Reinvestment Coalition, about the opportunities the Community Reinvestment Act (CRA) provides for banks, hospitals, and community development practitioners to work in tandem to tackle health and wealth inequities.

According to Jesse Van Tol, who runs the National Community Reinvestment Coalition, the Biden administration is placing special emphasis on reviewing housing policy through a racial equity lens

“We’ve been in an affordable housing crisis much long prior to the COVID-19 pandemic,” Ibijoke Akinbowale, Director of the Housing Counseling Network at the National Community Reinvestment Coalition (NCRC) said.

One of the keys to bridging that racial gap is to ensure that Black and Latinx Americans can access financing — something mainstream banks have neglected to do for generations, according to the nonprofit National Community Reinvestment Coalition.

A 2020 report from the National Community Reinvestment Coalition found Denver to be the second most intensely gentrified city in America during 2013-17, trailing only San Francisco in the share of vulnerable neighborhoods that gentrified.

Critics say ‘opportunity zones’ tax provisions have so far failed to encourage transformative investment in poor neighborhoods

In its own letter, the National Community Reinvestment Coalition said Oportun’s debt collection practices “fall short of the expectations of a CDFI, and certainly a CDFI seeking a national bank charter.”

The National Community Reinvestment Coalition and the California Reinvestment Coalition have standing to sue the OCC over Community Reinvestment Act (CRA) regulations issued in May.

Increased awareness was especially important in 2020 because COVID-19 disproportionately impacted the Black business community.

New research from the National Community Reinvestment Coalition (NCRC) found that Black and Latino small business owners had less access to those options than White small business owners.