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NCRC

Pandemic stimulus a necessary stopgap, but more work needs to be done for a just recovery

By / / Press Releases / 3 minutes of reading

The package represents a down payment for a just recovery that will prevent evictions, protect small businesses and provide additional direct payments to millions of families facing continued financial distress as a result of this global pandemic and economic crisis. The package also provides additional funding for Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), lenders who can put capital to work in low-income communities and communities of color when and where they need it most.

Pandemic stimulus a necessary stopgap, but more work needs to be done for a just recovery Read More »

Flawed FDIC Industrial Loan Charter final rule will undermine CRA, allow lenders to evade state consumer protections

By / / Press Releases / 2 minutes of reading

This week, the Federal Deposit Insurance Corporation (FDIC) announced a final rule on industrial banks and industrial loan companies (ILCs), allowing nonbank parent companies to apply for and receive ILC charters, enabling these lenders to make loans across the country with narrow and insufficient community reinvestment obligations.

Flawed FDIC Industrial Loan Charter final rule will undermine CRA, allow lenders to evade state consumer protections Read More »

How the new Selena series is a reminder of the need for economic justice

By / / Views / 3 minutes of reading

Netflix’s new TV series, “Selena,” reacquaints fans with the pop sensation’s many hits, including “Bid Bidi Bom Bom” and “Como La Flor,” but it also revisits the family’s turbulent financial journey to stardom. The series showcased 10+ years of financial insecurity in pursuit of a familial dream.

How the new Selena series is a reminder of the need for economic justice Read More »

Change is on the way, but it won’t be easy

By / / Views / 3 minutes of reading

Donald Trump’s victory four years ago was unimaginable to many, and an emotional blow that only got worse over time. Until now. The post election drama is mostly over. The Electoral College is done. We finally know: Joe Biden will be the 46th president, and Kamala Harris will be many firsts as vice president: Black, South Asian, woman, mom.

Change is on the way, but it won’t be easy Read More »

NCRC urges CFPB to move forward with critical small business lending transparency effort

By / / Press Releases / 3 minutes of reading

Yesterday, the National Community Reinvestment Coalition (NCRC) and 49 other community organizations responded to a Consumer Financial Protection Bureau (CFPB) proposal to move forward with a ten-year old requirement to collect application and approval data on loans made to small businesses — an important first step to preventing discrimination in loans made to woman-owned businesses and businesses owned by people of color.

NCRC urges CFPB to move forward with critical small business lending transparency effort Read More »

Natasha Sim

By / / Inside NCRC / 1 minute of reading

Compliance and Regulatory Counsel nsim@ncrc.org 202-792-1282 Natasha Sim is Compliance and Regulatory Counsel at the National Community Reinvestment Coalition (NCRC). Since joining NCRC in late 2020, Natasha has led the implementation of a multi-million-dollar lending program and managed the development of an affordable housing initiative aiming to produce 20 million homes by 2030. Natasha has

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Soraya Otero

By / / About Us / 2 minutes of reading

Special Assistant to the COO and Community Liaison sotero@ncrc.org 202-792-1283 Soraya Otero will be supporting NCRC’s COO Gregory Dyson as a Special Assistant, and support our Just Economy club as Community Liaison. Soraya brings outstanding organizational competencies, capacity building knowledge and practice, and great interpersonal skills backed by a robust career in operations and finance. She is focused towards institutional strategic goals.

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NCRC statement on OCC’s Proposed CRA Thresholds

By / / Press Releases / 2 minutes of reading

Yesterday, the Office of the Comptroller of the Currency (OCC) released a proposed rule for establishing the Community Reinvestment Act (CRA) evaluation measure thresholds, retail lending distribution test thresholds, and community development minimums under the general performance standards set forth in the agency’s 2020 final rule.

NCRC statement on OCC’s Proposed CRA Thresholds Read More »

Industry and consumer groups urge OCC to extend the comment period on novel bank charter applications from Figure and Anchorage

By / / Testimony & Regulatory Comments / 2 minutes of reading

The undersigned trade associations and organizations representing banks, credit unions and consumer interests write to share our concern with the brevity of the public comment period provided for recent novel national bank and national trust charter applications. The charters are not new, but the utilization of those existing charters by non-traditional applicants is significant.

Industry and consumer groups urge OCC to extend the comment period on novel bank charter applications from Figure and Anchorage Read More »

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