As we get closer to proposed changes to the Community Reinvestment Act (CRA), a sober assessment of the effectiveness of various parts of CRA exams will help us react to the proposed changes.
Do CRA Exams Measure Retail Lending Well? Read More »
Community benefits agreements (CBAs) are a way for banks to spell out, in writing, how they will satisfy CRA requirements when they merge. The agreements are between banks and community groups.
S. 2155, expected to clear the Senate in the coming days, is a banker’s wishlist.
Medium: Bank Lobbyist Act makes it easier for banks to discriminate in lending Read More »
Home Mortgage Lending in St. Louis, Milwaukee, Minneapolis, and Surrounding Areas (Download PDF)
Home Mortgage Lending in St. Louis, Milwaukee, Minneapolis, and Surrounding Areas Read More »
Washington, DC – Today, in reaction to the bank regulatory agencies’ release of final revisions to “Interagency Questions and Answers Regarding Community Reinvestment,” NCRC President and CEO John Taylor made the following statement: “We are profoundly disappointed that the agencies have not undertaken desperately needed reforms that would update the Community Reinvestment Act (CRA) to take into account significant changes
NCRC Statement on Final Revisions to CRA Q&A Read More »
Washington, DC – Today, the National Community Reinvestment Coalition’s Director of Policy and Government Affairs Gerron Levi testified before the U.S. House of Representatives Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit regarding financial technology (FinTech) and marketplace lending. In the testimony, NCRC detailed the opportunities and challenges of FinTech and discussed the need
NCRC Testifies Before Congress on Financial Technology and Marketplace Lending Read More »
Examining the Opportunities and Challenges of Financial Technology (FinTech): The Development of Online Marketplace Lending(Download PDF)
Washington, DC – Today, in response to the release of the Consumer Financial Protection Bureau’s (CFPB) proposed rule to protect consumers from abusive payday and car title loans, NCRC President and CEO John Taylor made the following statement. “We applaud the CFPB for proposing a rule that sensibly includes consideration of a borrower’s ability to repay
NCRC Statement on CFPB’s Proposed Rule on Payday and Car Title Lending Read More »
Washington – Today, the National Community Reinvestment Coalition (NCRC) released an analysis of home purchase and small business lending in Baltimore, Maryland, and the surrounding areas. The analysis reveals deep racial disparities in mortgage lending. NCRC President and CEO John Taylor made the following statement: “While many Americans take the ability to obtain a mortgage for
NCRC Report Shows Stark Racial Lending Disparities in Baltimore Read More »
Home Mortgage and Small Business Lending in Baltimore and Surrounding Areas (Download PDF) This report, Home Mortgage and Small Business Lending in Baltimore and Surrounding Areas, details lenders’ abandonment of neighborhoods in Baltimore based upon the race of members of those neighborhoods and the preferences of lenders for white borrowers and majority white neighborhoods. Using
Home Mortgage and Small Business Lending in Baltimore and Surrounding Areas Read More »
Washington, DC – Today, in reaction to the release of 2012 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “Today, the federal government released Home Mortgage Disclosure Act data for 2012. The data shows a recovering housing market but also illustrates the prevalence of persistent racial disparities
NCRC Statement on the Release of 2012 Home Mortgage Disclosure Act Data Read More »
