Since the financial crisis, the CFPB’s QM rules have helped ensure that the nation’s financial institutions provide low- and moderate-income (LMI) families with prudent and sustainable mortgage loans. The CFPB must provide alternatives that ensure that the LMI borrowers benefiting from the GSE Patch today continue to have viable paths to homeownership.
Fair housing laws protect minorities from discrimination, but they haven’t eliminated bad behavior in the lending and housing industries.Â
Advocacy still necessary to ensure fair housing for all Read More »
A movie about friendship, love of a city and gentrification (with other struggles peppered in) combines for a beautiful, yet powerful, message of what many people of color are experiencing in America’s largest cities.
Review: The Last Black Man in San Francisco Read More »
Nicole Chapins joined NCRC on June 6, 2019, as the controller/office manager to provide financial, as well as administrative oversight to the Capital Markets division.
On the eve of Washington, D.C., and the National Capital Region’s 2019 Pride festivities, 1,000 self-described dykes took to the streets on June 7 to protest displacement in the city, bringing the Dyke March back to D.C. for the first time in 12 years.
1,000 dykes march against displacement in D.C. during Pride month Read More »
President Trump signed an executive order to create a new administrative office that is expected to tackle the affordable housing crisis facing America. NCRC looks forward to working with the council on expanding the nation’s affordable housing inventory.
NCRC looks forward to working with new affordable housing council Read More »
The National Community Reinvestment Coalition (NCRC) has hired Min. David Street as director of membership and organizing.
David Street joins NCRC as director of membership and organizing Read More »
HUD’s hiring of Eric Blankenstein, who is accused of posting racist blogs, is unbelievable.
Unbelievable: HUD hires official driven out of CFPB over racist blog posts Read More »
Today, 19 Democratic Senators sent a letter to the Consumer Financial Protection Bureau (CFPB) expressing their disapproval of the agency’s proposed rule to reduce Home Mortgage Disclosure Act (HMDA) reporting. This comes on the heels of a similar letter sent on June 11 by 63 House Democrats. Jesse Van Tol, CEO of the National Community
NCRC applauds Democrats in Senate and House for letters to CFPB Read More »
Bank branches matter. Countering the overwhelming messaging from many banks and even some regulators, the National Community Reinvestment Coalition (NCRC) has published several reports over the years that detail how much branches still matter for consumers and communities, even in 2019. Just look at the number of branches that banks opened in the last year, and it is clear that they also know the value of a physical outpost in the community they want to serve.
Bank branches are still essential for small business communities Read More »
Development Specialist posunde@ncrc.org 202-464-2720 Born in Lagos, Nigeria, Peter Osunde is a passionate international citizen specializing in peace, conflict resolution and development. His most recent role was contributing to research efforts in drafting policy papers for women, peace and security at UN Women in New York. He has also spent time in Liberia working for
In 2019, the total student loan debt in America is about $1.5 trillion. According to the New York Consumer Credit Panel, adults under 40 hold 65% of the total student loan debt. Although there has been much said about this figure, the income enhancement offered by a college degree still far outweighs the cost of the debt.
Student loan debt impacts homeownership Read More »
Low-income housing (LIH) programs have existed in some form since the early 1900s, but have drawn ire in modern times as an unreliable and often inadequate form of public assistance. One significant reason for this is the strain low-income housing has on both the physical and mental health of its occupants.
Low-income housing: The negative effects on both physical and mental health Read More »
Today, the U.S. House of Representatives passed the Consumer First Act, a bill introduced last fall by Rep. Maxine Waters (D-California) to protect the Consumer Financial Protection Bureau (CFPB) from efforts by the Trump administration to dismantle it. Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “We applaud
NCRC applauds House’s passage of Consumer First Act Read More »
In September 2018, the Federal Deposit Insurance Corporation (FDIC) released the results of a survey of 1,200 banks on small business lending in America. It found that small business lending is threatened by the decline of smaller banks and the reduction of bank branches in many communities. But just as revealing was what the survey didn’t find. More information that would be essential for policy and regulatory decisions remains concealed, invisible to the public.
Small business lending data is the iceberg in our economic ocean Read More »
