NCRC Hires Kathryn Orr as New Director of Entrepreneurship
The National Community Reinvestment Coalition (NCRC) has added its first Director of Entrepreneurship.
NCRC Hires Kathryn Orr as New Director of Entrepreneurship Read More »
We need the protests, and we need solutions
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 »
COVID-19 and Mortgage Forbearance
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.
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Healthy Mobility: An Urgent, New Public Transportation Puzzle
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 »
NCRC Hires Adam Rust as New Senior Policy Advisor on Digital Banking, Consumer Lending
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 »
Limiting Interest Rate and Rate Spread Outliers in HMDA Data
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.
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Summary Fact Sheet on the OCC’s Final CRA Rule
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 »
Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court”
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 Tightening of the Credit Market and the Perpetuation of the Recession
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 »
OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve
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 »
The Economic Reality of Asian Americans, Including Intragroup Differences
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 »
New HMDA Data Reveals Racial Disparities in Older Adult Lending
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 »
Racial Health and Economic Disparities are Two Sides of the Same Coin
COVID-19 continues to aggravate deeply embedded inequalities. We need bold policy solutions aimed at bridging the racial wealth divide now more than ever.
Racial Health and Economic Disparities are Two Sides of the Same Coin Read More »
Senate Banking Committee Highlights CRA in Oversight Hearing of Federal Banking Regulators
Members of the Senate Banking Committee today questioned why, in the middle of the COVID-19 crisis, bank regulators are moving forward with proposed changes to the Community Reinvestment Act (CRA) that would cripple COVID-19 recovery efforts in low- and moderate-income communities and communities of color.
Retired or Working, Coronavirus Likely to Doubly Hit Older Americans
COVID-19 is more likely to harm elderly adults. They are also more vulnerable to the economic downturn brought on by the pandemic. In an April data brief, the National Council on Aging (NCOA) studied wealth and income data on adults above the age of 60 throughout the Great Recession. The brief found significant correlations between
Retired or Working, Coronavirus Likely to Doubly Hit Older Americans Read More »