This week, the Senate passed the Payment Protection Program (PPP) Flexibility Act, already passed by the House in May, sending the bill to the president, who is expected to sign it into law. While the act makes necessary improvements to the PPP, more needs to be done to ensure money is going to minority and women-owned businesses and the smallest small businesses.
NCRC Statement on New PPP Flexibility Act Read More »
NCRC members are on the front lines of work for economic justice across the nation, and many have responded and participated in Black Lives Matter protests sparked by the murder of George Floyd, and countless others, while in police custody.
NCRC members, allies respond to Black Lives Matter protests Read More »
As the coronavirus continues to cause devastation across the United States, nursing homes have become hotspots for COVID-19 exposure.
Nursing home residents, workers face disproportionately high rates of COVID-19 deaths Read More »
The National Community Reinvestment Coalition (NCRC) has added its first Director of Entrepreneurship.
NCRC Hires Kathryn Orr as New Director of Entrepreneurship Read More »
This is a painful moment for America, but especially and uniquely for African Americans who live with the threat of violence, injustice and police brutality every day, for communities where systemic racism undermines everything, and for a nation that has talked about these issues for too long and yet has been incapable of facing or correcting inequality that began with slavery.
We need the protests, and we need solutions Read More »
Forbearance is an option available to borrowers where they can stop making payments on their home mortgage loan and then repay that amount at a later date. This rarely used option has taken on new significance since the onset of the COVID-19 pandemic.
COVID-19 and Mortgage Forbearance Read More »
Stay-at-home orders caused large decreases in ridership for public transit around the country.
Healthy Mobility: An Urgent, New Public Transportation Puzzle Read More »
The National Community Reinvestment Coalition has added a new senior policy advisor to its Membership and Policy team.
NCRC Hires Adam Rust as New Senior Policy Advisor on Digital Banking, Consumer Lending Read More »
The Consumer Finance Protection Bureau (CFPB) included a number of new datapoints in the 2018 release of the Home Mortgage Disclosure Act Data (HMDA), which came out in September 2019.
Limiting Interest Rate and Rate Spread Outliers in HMDA Data Read More »
The Office of the Comptroller of the Currency’s (OCC) final Community Reinvestment Act (CRA) rule released on May 20 would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs.
Summary Fact Sheet on the OCC’s Final CRA Rule Read More »
The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA).
Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court” Read More »
The government’s emergency spending to help businesses stay afloat isn’t enough to save the economy. Businesses need credit to manage day-to-day operations and to grow – and business lending from banks has dried up during the pandemic. If it doesn’t resume quickly, we’ll likely face a long and deep recession.
The Tightening of the Credit Market and the Perpetuation of the Recession Read More »
The Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Deposit Insurance Corporation (FDIC) had previously joined the OCC in the rule-making effort, but it did not join in the final rule released today.
OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve Read More »
Demystifying blanket assumptions regarding the economic status of Asian Americans is key in understanding the large disparities that live within the group, and can help reduce intra-group inequalities.
The Economic Reality of Asian Americans, Including Intragroup Differences Read More »
NCRC’s new report, Mortgages and Older Adults After COVID-19, used this new information to highlight trends in homebuying, aging in place and use of home equity.
New HMDA Data Reveals Racial Disparities in Older Adult Lending Read More »
