NCRC

New Data Shows Continued Constricted Credit, Racial Disparities in Lending

By / / Press Releases / 3 minutes of reading

  Washington, DC — Today, the National Community Reinvestment Coalition (NCRC) said that new data released by the Federal Financial Institutions Examination Council showed continued constriction of credit, particularly for low- and moderate income communities and communities of color, and significant disparities in lending by race. The volume of home lending was 7.1 million loans […]

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Local Community Organizations Convene for White House Forum on Housing

By / / Press Releases / 3 minutes of reading

  Washington, DC – On September 13, dozens of members of the National Community Reinvestment Coalition (NCRC) came to Washington DC for the White House American Economic Competitiveness Forum on Housing. At this forum, over a hundred community advocates came together with administration officials at the White House to discuss solutions to America’s housing crisis. 

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Coalition of Community Organizations Calls on President Obama to Recess Appoint an FHFA Director

By / / Press Releases / 2 minutes of reading

  Washington, DC — Today, hundreds of community organizations sent a letter to President Obama calling on him to make a recess appointment to the Federal Housing Finance Agency (FHFA). FHFA is currently led by an Acting Director, Ed DeMarco, who has refused to allow Fannie Mae and Freddie Mac, which hold the majority of

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NCRC Member Call to Action: Weigh In About Credit Reporting

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Membership Newsletter: July 2012 Edition | NCRC Member Call to Action: Weigh In About Credit Reporting The foreclosure crisis will have repercussions for the communities we serve for a long time to come. Credit scores for those affected will take years, if not decades, to rebound. What this makes clear is that we must take action

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Breaking the Cycle of Predatory Lending in Delaware

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Membership Newsletter: July 2012 Edition | Breaking the Cycle of Predatory Lending in Delaware NCRC member Delaware Community Reinvestment Action Council (DCRAC) is winning victories right in the backyard of payday loan companies. In late June, Delaware Governor Jack Markell signed a piece of legislation aimed at breaking the cyclical nature of payday loans. Under the

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San Diego Advances a Local Ordinance to Increase Bank Reinvestment in the Community

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Membership Newsletter: July 2012 Edition | San Diego Advances a Local Ordinance to Increase Bank Reinvestment in the Community “America’s Finest City” is well on its way to becoming the most recent US city with a Responsible Banking Ordinance. On June 27th, San Diego decided to shine a light on banking practices and ask what financial

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NCRC Calls For New Leadership at the Federal Housing Finance Agency

By / / Press Releases / 2 minutes of reading

Washington, DC — Today, in reaction to Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco’s decision not to allow Fannie Mae and Freddie Mac to use principal reduction in their loan modification programs, the National Community Reinvestment Coalition called for a change of leadership at FHFA. “DeMarco has failed in his responsibility to do

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Redlining in Detroit Prompts Formation of a Community Reinvestment Coalition

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Membership Newsletter: July 2012 Edition | Redlining in Detroit Prompts Formation of a Community Reinvestment Coalition Over 100 NCRC members and community activists descended on the Madison Theater Building in downtown Detroit on June 6th to discuss the economic future of region and how they can play a role in ensuring its recovery. NCRC President

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NCRC Provides Customized Support to Help Alabama Member Expand

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Membership Newsletter July 2012 | NCRC Provides Customized Support to Help Alabama Member Expand NCRC recently had an opportunity to help a new member, Alabama A&M University Community Development Corporation (AAMU CDC). AAMU CDC’s mission is to revitalize low-income neighborhoods surrounding Alabama A&M University, Meadow Hills and Edmonton Heights, with expansion to Huntsville planned. In

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NCRC’s Small Business Teaming Center to Hold Inaugural Event

By / / Press Releases / 2 minutes of reading

Washington, DC — On Tuesday, July 24, the National Community Reinvestment Coalition’s Small Business Teaming Center will hold an event to introduce the procurement community to the concept of small business teaming, and give small business owners the opportunity to network. NCRC’s Small Business Teaming Center puts together teams of small businesses with complementary capabilities

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CFPB Action Against Capital One Confirms Issues Raised During Acquisition Challenge by NCRC

By / / Press Releases / 2 minutes of reading

Washington, DC –  The National Community Reinvestment Coalition (NCRC) today applauded the Consumer Financial Protection Bureau for their enforcement action against Capital One. The action follows NCRC’s challenge of Capital One’s acquisition of ING Direct and HSBC’s credit card unit. NCRC argued that the company should not be allowed to become Too-Big-to-Fail given its record

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NCRC and ANHD Release Local Responsible Banking Ordinance Resources

By / / Press Releases / 3 minutes of reading

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and its member organization, the Association for Neighborhood and Housing Development (ANHD), released a set of resources to aid the advancement of local responsible banking ordinances in cities throughout the nation. Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services

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Responsible Banking Ordinances

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Background on Local Responsible Banking Ordinances Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services for modest-income and minority neighborhoods. The ordinances require an evaluation of financial institution performance in serving modest-income and minority neighborhoods as part of the criteria for deciding which institutions receive municipal deposits and other city

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