Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit group that pressures banks to increase their activities in poorer neighborhoods, said he was pleased that the agency was “finally turning the page on this terrible rule.”
Finance & Commerce: Regulator to start fresh on an anti-redlining rule Read More »
The National Community Reinvestment Coalition and the California Reinvestment Coalition sued to block the OCC’s rules in June of last year.
Bloomberg Law: Bank Regulator to Repeal Trump-Era Community Lending Rules Read More »
“This is an awkward, disjointed and rushed move by a single agency that couldn’t get agreement from the two other agencies that regulate banks within the same administration,” Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said in a statement last year.
Banking Dive: OCC to rescind Trump-era revamp to anti-redlining rule Read More »
“Home mortgage lenders don’t use Vantage score, or even a newer version of FICO in their home mortgage lending operations,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a big disadvantage for renters who want to make that leap to homeownership.
AOL: Rent payments could boost credit scores in a big way Read More »
In May, speaking at a National Community Reinvestment Coalition conference, Powell said “we will only reach our full potential when everyone can contribute to and share in the benefits of prosperity.”
According to a National Community Reinvestment Coalition study, this will increase consumer fees, reduce access to banking services for communities of color and low-income working families, and raise concerns about risks to the financial system. I am.
Eminetra: President Biden signs executive order aimed at bank merger Read More »
The Housing is Infrastructure Act of 2021 is supported by the following national groups: National Community Reinvestment Coalition
The Fed’s merger review process has other major deficiencies. Earlier this year, the Fed allowed PNC to grow to a $556 billion institution, despite a 2017 finding by bank regulators that PNC’s anti-money laundering practices were so flawed that it no longer met the standard for being “well-managed,” and despite PNC’s 2019 admission that it had lost track of certain stock holdings and fallen afoul of regulatory requirements. According to the National Community Reinvestment Coalition
The package addresses affordable housing supply and helps answer the racial equity challenge prioritized by the Biden administration.
The scientific method is designed to be indifferent to morals or values, but “Indigenous knowledge puts them back in.”
The New York Times: In Indigenous Knowledge, Innovative Solutions Read More »
A top policymaker at the Federal Reserve has said the fast-spreading delta COVID-19 variant poses a risk to the rebound in global growth, and said the central bank should be patient in supporting the US recovery.
News organizations are belatedly apologizing for racist journalism that alienated generations of African-Americans
The New York Times: How the White Press Wrote Off Black America Read More »
33 percent rent increases and bidding wars on rentals are the new norm in some parts of America as reopening comes with big price hikes
The Washington Post: Rent prices are soaring as Americans flock back to cities Read More »
The bank is shutting down all existing personal lines of credit in coming weeks and has stopped offering the product, according to customer letters reviewed by CNBC.
CNBC: Wells Fargo tells customers it’s shuttering all personal lines of credit Read More »
The city of Baltimore awarded more than 30 organizations with nearly $6 million in grant money to help in their efforts to revitalize overlooked neighborhoods throughout the city.
