Nonprofit Quarterly: IberiaBank pledges $6.72 billion for low- and moderate-income communities.
IberiaBank pledges $6.72 billion over the next five years to provide loans and services for low- and moderate-income communities.
Meltdown: The Financial Crisis, Consumer Protection, and the Road Forward
Kirsch’s and Squires’ book could best be described as a documentary-style political economy of the financial crisis and subsequent policy responses. They describe the genesis of the idea for the Consumer Financial Protection Bureau
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Iberiabank and NCRC celebrate $6.72 billion commitment to community development
IBERIABANK announced today a community benefits plan with the National Community Reinvestment Coalition (NCRC) and its community-based members and partners across the southeastern region of the United States.
“IBERIABANK has been actively engaged in meaningful conversations with our members to ensure that they are well positioned to meet the needs of underserved communities. This community benefits commitment is the gold standard and raises the bar for all banks on what constitutes a forward thinking community commitment,” said NCRC President and CEO John Taylor. “We very much appreciate the strong collaboration demonstrated by IBERIABANK’s executive leadership.”
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Intermediate Small Banks: The Forgotten but Significant Resource for Affordable Housing and Community Development
NCRC examined the varying levels of CD finance by banks with different CD test ratings, concluding that there is a significantly larger level of CD finance by banks with “Outstanding” ratings than banks with ratings of “Satisfactory” and “Needs to Improve.”
Billions at risk in proposals to weaken the Community Reinvestment Act
Washington, DC – A new study released today by the National Community Reinvestment Coalition (NCRC) found that banking industry proposed changes to the Community Reinvestment Act (CRA) would allow midsize banks to circumvent federal requirements to lend and invest in low and moderate income neighborhoods.These proposed changes would endanger billions in affordable housing and community development investment.
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Santander and NCRC announce $11 billion “Inclusive Communities” plan
The bank’s “Inclusive Communities” plan will expand lending to low- and moderate-income borrowers and communities over five years, triple its philanthropy and add 10 new branches in New York City, Philadelphia and Boston.
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Boston Globe: Santander and NCRC announce $11 billion agreement
Boston Globe, October 30th, 2017: Santander Bank executives on Monday unveil an $11 billion, five-year pledge for community investments across the company’s eight-state footprint
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James Lum
Chief Financial Officer jlum@ncrc.org 202-464-2725 James’ work over the past 20 years has bridged the nonprofit and for-profit worlds and focused on building sustainable and impactful organizations. At NCRC, James is responsible for financial planning across core programs and company-owned buildings and coordinating across related entities including the CDFI and our 501(c4). Prior to NCRC, James
Andrew Nachison
Chief Communications & Marketing Officer anachison@ncrc.org 202-524-4880 Andrew Nachison joined NCRC in 2017. He’s a media, tech, arts, civic and social venture founder, funder, advisor, executive and creative catalyst. He’s also a writer, journalist and futurist. After a decade of work as a journalist and pioneer in online news, he co-founded iFOCOS, the Institute for the
NCRC condemns Senate’s anti-consumer vote on forced arbitration
Citizens just lost an invaluable protection from the ‘fine print’ that strips their right to go to court when cheated or taken advantage of by corporations.
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Community Organizations Celebrate First Financial’s $1.75 Billion Community Development Plan
WASHINGTON, DC – First Financial Corp., a regional bank headquartered in Cincinnati, Ohio, has committed $1.75 billion to a Community Development Plan negotiated with the National Community Reinvestment Coalition and a coalition of community organizations in Ohio, Indiana and Kentucky. The plan, beginning in 2018, includes mortgage and small business lending in low- and moderate-income
Battle against banking deserts in Baltimore
Baltimore Brew, October 23, 2017: One branch’s closure sparks a battle against “banking deserts” in Baltimore
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