NCRC Files Final Comment Letter On Proposed Overhaul Of Community Reinvestment Act Regulations
“Significant changes will be required if the final rule is to deliver real progress in addressing the legacy of redlining in America.”
NCRC’s Full Public Comment Letter On Community Reinvestment Act Interagency Rulemaking
(Download) Chief Counsel’s Office Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219 Ann E. Misback Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW Washington, DC 20551 James P. Sheesley Assistant Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW
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Modernizing CRA Means Giving Banks Credit For Climate Mitigation Projects
Federal agencies are correct to include the disproportionate impacts of the climate crisis in Community Reinvestment Act modernization.
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$24 Million Settlement Of Modern-Day Redlining Case In Philadelphia Shows Government Takes Lending Discrimination Seriously
The National Community Reinvestment Coalition (NCRC) on Wednesday applauded a $24 million settlement to punish serious intentional discrimination and redlining in the Philadelphia area, and urged the courts to endorse disciplinary action against Berkshire-Hathaway subsidiary Trident Mortgage Company proposed by the Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB). “Lending discrimination is a
How the Community Reinvestment Act Can Support Childcare
We need an all-of-the-above approach to tackling the childcare crisis in our country — including in Community Reinvestment Act rules.
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Why Food Justice Advocates Should Care About CRA Reform
The urgent case for anti-hunger advocates and climate activists to get involved in Community Reinvestment Act reform efforts this summer.
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NCRC Board Chair Katy Crosby To Testify On Capitol Hill
Crosby brings direct city manager experience to House Financial Services Committee hearing on proposed overhaul of Community Reinvestment Act.
NCRC Board Chair Katy Crosby To Testify On Capitol Hill Read More »
REMINDER: CRA Reform Comment Letters Are Due August 5
The deadline to submit comments on the Notice of Proposed Rulemaking (NPR) on the Community Reinvestment Act (CRA) is fast approaching – Friday, August 5.
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NCRC’s Field Empowerment Fund For Nonprofits And CDFIs Opens Final Round Of Grant Applications
The National Community Reinvestment Coalition (NCRC) on Friday opened applications for the final round of its $5 million Field Empowerment Fund (FEF).
The New York Times: Biden and Fed chair Powell are set to meet as inflation dogs the global economy
The New York Times, May 31, 2022, Biden and Fed chair Powell are set to meet as inflation dogs the global economy President Biden will meet with Jerome H. Powell, the Federal Reserve chair, at the White House on Tuesday to discuss the state of the U.S. and global economy at a challenging moment. Inflation
The Hill: House Democrats to move slate of gun bills this week
The Hill, May 31, 2022, House Democrats to move slate of gun bills this week House Democrats are wasting no time taking up gun violence legislation following last week’s school massacre in Texas, scheduling a special session of the House Judiciary Committee on Thursday to send a slate of tougher firearms rules to the chamber
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The Wall Street Journal: Billions in School Covid-Relief Funds Remain Unspent
The Wall Street Journal, May 18, 2022, Billions in School Covid-Relief Funds Remain Unspent U.S. school districts are struggling to spend billions of dollars in federal pandemic-relief money before the funding expires. Districts have yet to spend 93% of $122 billion sunk into the K-12 education system last year as part of the $1.9 trillion American
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American Banker: Goldman Sachs report shows bank is losing senior Black women
American Banker, May 18, 2022, Goldman Sachs report shows bank is losing senior Black women Goldman Sachs Group is losing its most powerful Black women, according to new data the firm released in a report on its website. The bank had 19 Black women among its executives and senior officials as of November 2021, the bank said,
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The Wall Street Journal: Fed Nominee Michael Barr Has Pressed to Reverse Trump-Era Banking Policies
The Wall Street Journal, May 18, 2022, Fed Nominee Michael Barr Has Pressed to Reverse Trump-Era Banking Policies Former Treasury Department official Michael Barr is expected to pursue tougher oversight of the financial system and reverse some Trump-era policies if he wins confirmation as the Federal Reserve’s top bank regulator. Mr. Barr, who worked in
The New York Times: US Soccer and Top Players Agree to Guarantee Equal Pay
The New York Times, May 18, 2022, US Soccer and Top Players Agree to Guarantee Equal Pay For the first time, soccer players representing the United States men’s and women’s national teams will receive the same pay and prize money, including at World Cups, under landmark agreements with the U.S. Soccer Federation that will end
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