The biggest proposed bank merger since the 2008 financial crisis is drawing flak from Sen. Elizabeth Warren and other key Democrats, who warn that it could create another institution so large that its failure would threaten the economy.
Politico: Warren, Brown raise alarms about biggest bank merger since crisis Read More »
Eurweb.com, April 25, 2019: Charlene Crowell: Nation’s racial wealth divide worsens with federal tax cut If you’re like me, every time you hear a news reporter or anchor talk about how great the nation’s economy is, you wonder what world they are living in. Certainly these journalists are not referring to the ongoing struggle to
Data is the sunlight that makes possible the fight against discrimination. The Consumer Financial Protection Bureau (CFPB), however, is considering changing its method of disseminating loan data that would make it less readily available to the public and significantly hamper our collective ability to root out unfair and discriminatory practices.
The CFPB needs to keep easy access to HMDA data Read More »
RVA Mag, April 23, 2019: Fighting for food justice in a gentrified Richmond Across the city, gardens have emerged in communities of color, but the stewards don’t always match the neighborhood demographic. Without representation and community ownership, are these spaces making the food system more equitable? Not according to food justice activists like Duron Chavis,
RVA Mag: Fighting for food justice in a gentrified Richmond Read More »
AL.com, April 24, 2019: Mayor: Economic growth that’s equitable and inclusive As mayor, I have been intentional about embracing downtown development and driving an inclusive economy that empowers Birmingham residents to take control of their own economic future. This year, we secured a $25 million commitment from the National Community Reinvestment Coalition for affordable housing.
AL.com: Mayor: Economic growth that’s equitable and inclusive Read More »
PATCH, April 24, 2019: New Map Shows Gentrification In Minneapolis A new interactive map shows which Minneapolis neighborhoods have been gentrified and, consequently, which groups of people were ultimately forced out of their homes. The map was included as part of a major new study published last month by the National Community Reinvestment Coalition, a
PATCH: New Map Shows Gentrification In Minneapolis Read More »
By 2021, the most popular and widely-used interest-rate benchmark, the London Interbank Offered Rate (LIBOR), will no longer exist as a benchmark for the $2 trillion in outstanding loans in the United States. In its place will most likely be the Secured Overnight Financing Rate (SOFR), which is broadly considered to be more robust and realistic than LIBOR. Nearly every borrower in the country that is paying off debt that is set based on the LIBOR will be affected by this change.
By 2021, big changes for interest rates could spell trouble for borrowers Read More »
The National Community Reinvestment Coalition has hired Sabrina Terry at the new director of Strategic Partnerships and Initiatives.
NCRC hires new director of strategic partnerships, initiatives Read More »
Chief, Programs and Strategic Development sterry@ncrc.org 202-464-2717 Sabrina Terry is NCRC’s Chief of Programs and Strategic Development. She will be leading strategy and resource development for special initiatives, supporting the executive team form and manage industry councils and will take over leading the Race, Wealth and Community team. Prior to NCRC, Sabrina was the senior
The National Community Reinvestment Coalition (NCRC) has hired Dedrick Asante-Muhammad as Chief of Equity and Inclusion.
NCRC hires new chief of equity and inclusion Read More »
Eleni Delimpaltadaki Janis was recently named Chief Capital Markets Officer and Managing Director.
NCRC hires new chief; expands into capital markets Read More »
The primarily African American Jackson Ward neighborhood in Richmond, Virginia, has been swiftly gentrified. While some historical aspects have been forgotten, other areas have seen promising improvements. Overall, the changes to this community have been a mixed bag as some community members have benefited from the changes to home wealth, while others have been forced out.
Gentrification: A mixed bag in historic Richmond, Virginia, neighborhood Read More »
An OpEd in the Washington Post by NCRC CEO Jesse Van Tol, April 8, 2019: Yes, you can gentrify a neighborhood without pushing out poor people When rich people move in, they often displace residents. But it doesn’t have to be that way. Neighborhoods have been developing and changing since the dawn of civilization, but
Yesterday, the U.S. Senate confirmed Mark Calabria as the new director of the Federal Housing Finance Agency (FHFA). Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “I want to congratulate Mark Calabria on his confirmation. We have worked with him over the years. “There have been numerous announcements
NCRC looks forward to working with the new FHFA Director on affordable housing Read More »
Data on community development lending and investing is lacking on a census tract level, making the information incomplete and difficult to assess. However, this is not the case for home mortgage lending data and small business loan data. If the federal regulatory agencies truly want to reform CRA, the first place to start is with better data. It would be a win-win for both banks and community organizations by facilitating identification of underserved areas. It would also further CRA’s objectives of directing access to credit and capital where it is needed most.
Increasing community development financing data a necessary component for CRA reform Read More »
