Credit Card Monopolies Are Exploiting Small Businesses. Here’s What The Feds Are Doing About It.
The Visa antitrust lawsuit and congressional work on the Credit Card Competition Act would curb abusive practices by credit card monopolies.
October Surprise? 2024 Race, Jobs, and the Economy Update
The September jobs report beat expectations by a lot. But how is the US economy actually doing — and could it provide an “October surprise?”
October Surprise? 2024 Race, Jobs, and the Economy Update Read More »
NCRC’s New National Mortgage Analysis Finds Grave Warning Signs For Economic Equity And Data Transparency
Advocates for a more just and equitable housing market will find few reasons to celebrate when looking at 2023 mortgage market trends.
NCRC and Fintechs Urge Regulators to Use AI to Detect and Eliminate Lending Discrimination
Preventing AI tools from perpetuating discrimination in lending is just the start. Regulators should also look for ways AI can actively detect and combat bias.
Neighboring Markets, Worlds Apart: Mortgage Lending In Detroit And Wayne County
Detroit’s city limits are also an iron curtain between sharply contrasting mortgage lending patterns, dividing wealth-building opportunities along racial lines.
Neighboring Markets, Worlds Apart: Mortgage Lending In Detroit And Wayne County Read More »
NCRC Statement on New Bank Merger Rules From DOJ, OCC and FDIC
Capital One is unlikely to be happy about new bank merger rules from the OCC, FDIC and DOJ.
NCRC Statement on New Bank Merger Rules From DOJ, OCC and FDIC Read More »
Recession Watch? September 2024 Race, Jobs and the Economy Update
Is the US economy headed for a recession? Signs were muddled and mixed in the August jobs report.
Recession Watch? September 2024 Race, Jobs and the Economy Update Read More »
NCRC’s Van Tol on Section 1071 Ruling: Common Sense Prevails Over Frivolous Greed
A Texas court rightly upheld the CFPB’s recent Section 1071 rule collecting data on small business loans. The separate CRA lawsuit should fail too.
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A Disappointing Jobs Report, A Global Sell-off And A Quick Reset: August 2024 Race, Jobs And The Economy Update
The latest jobs report was worrisome. News since has been better. So where does the US Economy stand in summer 2024?
Pennsylvania’s Hospital Merger Speedrun Will Hurt Patients. Here’s How They Can Do Better Next Time.
A $14 billion hospital merger that threatens to bring new hardship to rural Pennsylvanians was abruptly approved earlier this month, thwarting community expectations of a slower and more stringent review of the deal. The marriage of Jefferson Health and the Lehigh Valley Health Network creates the state’s second-largest nonprofit hospital system, affecting 30 hospitals and
If You Want More Housing, Build Less Parking: Local Zoning Lessons For The Housing Affordability Crisis
The affordable housing crisis requires exercising all available policy tools — including local zoning rules about parking spaces.
Benefits Of Approving $35B Capital One-Discover Merger Are Just 2% Of What Bank Claims, Community Advocates Write to Regulators
“$5 billion is an insultingly small tip to leave on a quarter-trillion-dollar tab,” said Jesse Van Tol, President and CEO of NCRC.
Bloomberg Law: Banks, Consumer Groups Tell US Regulators To Unify Merger Plans
Bloomberg Law, June 20, 2024, Banks, Consumer Groups Tell US Regulators To Unify Merger Plans Consumer advocates want the OCC to rescind Trump-era changes to the use of Community Reinvestment Act, a 1978 anti-redlining law, to inform merger reviews. “The OCC’s proposed rule does not rescind harmful changes to merger application procedures adopted during the
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CFPB: CFPB Takes Action Against Fifth Third For Wrongfully Triggering Auto Repossessions And Opening Fake Bank Accounts
CFPB, July 9, 2024, CFPB Takes Action Against Fifth Third For Wrongfully Triggering Auto Repossessions And Opening Fake Bank Accounts The Consumer Financial Protection Bureau (CFPB) today took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying $20 million in penalties in addition to
Regulators Must Block Capital One-Discover Merger, 138 Community Organizations Write In Comment Letter
A day after Capital One announced support from four community organizations, 138 others blasted the proposed Capital One-Discover merger in a letter.