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Background on Local Responsible Banking Ordinances

Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services for modest-income and minority neighborhoods. The ordinances require an evaluation of financial institution performance in serving modest-income and minority neighborhoods as part of the criteria for deciding which institutions receive municipal deposits and other city business.

The following resources are designed to aid and empower organizers, advocates and officials seeking to get responsible banking ordinances passed in their cities and localities.

NCRC Model Local Responsible Banking Ordinance

The NCRC model responsible banking ordinance is designed to increase the amount of responsible loans, investments, and financial services in minority and low- and moderate-income communities and to older adults through heightened public accountability to municipalities and their residents. NCRC encourages the sharing and reproduction of this document, with credit given to NCRC.

1.1MB

Summary of Local Responsible Banking Ordinances

This document contains a factsheet and spreadsheet summarizing the features of existing ordinances and proposed ordinances in various cities.

865kb

ANHD Convening Report: Keeping Banks Accountable to Our Communities 

The convening report captures the results of a 2011 meeting sponsored by the Association for Neighborhood and Housing Development (ANHD) and NCRC. The meeting brought together advocates, organizers, and local leaders for a daylong meeting on responsible banking ordinances. The report describes strategies and best practices for building support for the ordinances.

 500kb