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.”
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.
Billions at risk in proposals to weaken the Community Reinvestment Act Read More »
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.
Santander and NCRC announce $11 billion “Inclusive Communities” plan Read More »
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
Boston Globe: Santander and NCRC announce $11 billion agreement Read More »
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
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
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.
NCRC condemns Senate’s anti-consumer vote on forced arbitration Read More »
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
Baltimore Brew, October 23, 2017: One branch’s closure sparks a battle against “banking deserts” in Baltimore
Battle against banking deserts in Baltimore Read More »
Next year, if the mayor’s plans work out, some of the 300,000 residents of Stockton, Calif., will get $500 per month with no strings attached.
After bankruptcy, a California city aims for basic income Read More »
NCRC Comment on CRA Regulation and HMDA Definition (Download)
NCRC Comment on CRA Regulation and HMDA Definition Read More »
It is hard to imagine how U.S. banks would treat working class communities without the guarantees of the Community Reinvestment Act. But it’s also time to consider an overhaul.
