The final FedNow rules announced today by the Federal Reserve Board lack protection against scams and fraud, which, if unaddressed, could leave consumers exposed when the payment service launches next year, warns advocates at the National Consumer Law Center, National Consumers League, and National Community Reinvestment Coalition (NCRC).
We look forward to continuing to work with Jerome to finalize new CRA rules that will increase lending, investments and services to low- and moderate-income communities and communities of color.
U.S. Bancorp today announced a more than $100 billion, five-year community benefits plan, developed in partnership with the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), as part of the planned acquisition of MUFG Union Bank.
The Federal Reserve should require all financial institutions seeking direct access to the Fed’s central bank payment systems to obtain deposit insurance and to be subject to consolidated supervision.
We’re thrilled to announce Anand Giridharadas will be a keynote speaker for the 2022 Just Economy Conference! Giridharadas is the author of the international bestseller Winners Take All: The Elite …
The National Community Reinvestment Coalition (NCRC) and Morgan Stanley partnered to create a community development fellowship that matches top-level master’s degree students with premiere community development organizations. Both hosts and fellows must apply for this opportunity. Applications will be accepted until May 6, 2022.
Zest AI is the eighth company to join the Council since its inception in 2019.
In a letter to the SBA, the National Community Reinvestment Coalition (NCRC) and the Opportunity Finance Network (OFN), organizations that advised SBA on changes to the Community Advantage Pilot Program, were joined by 98 community and national organizations in support of the proposed reforms. NCRC President & CEO Jesse Van Tol and OFN President & CEO Lisa Mensah attended the announcement at Howard University in Washington, DC.
The Opportunity Finance Network (OFN) and the National Community Reinvestment Coalition (NCRC), along with the undersigned, are writing to express our strong support for the Small Business Administration’s (SBA) proposed reforms to the Community Advantage Pilot Program.