Josh Silver and Jason Richardson

Avatar
Do Not Cross

Are All Americans Equal?

Most people are aware of the ongoing economic inequality suffered by the majority of Americans and disproportionately for African Americans. African Americans’ net wealth in the US is 1/10 of that of their fellow White citizens. The COVID–19 virus, the current economic recession and national protests has made many of us think deeper about whether …

Are All Americans Equal? Read More »

Same-Sex Couples and Mortgage Lending

Introduction The National Community Reinvestment Coalition has analyzed new data available to researchers for the first time to determine borrower patterns among same-sex couples, in comparison to different-sex couples. Our research question was, will same-sex couples pay higher closing costs and more interest on mortgage loans than different-sex couples? From our analysis of 2018 Home …

Same-Sex Couples and Mortgage Lending Read More »

Cover Image

Study: Before COVID-19 and the protests, most of the nation was struggling, not booming

COVID-19 exposed deep economic and social fault lines nationwide. It also underscored what was already going on before it: While a small number of cities were booming, most were not. In a new report on gentrification and disinvestment, covering data from 2012 through 2017, the National Community Reinvestment Coalition (NCRC) found that gentrification of once …

Study: Before COVID-19 and the protests, most of the nation was struggling, not booming Read More »

San Francisco most intensely gentrified city in new rankings

San Francisco was the most intensely gentrified city in America from 2013 to 2017, a new study found. It was followed by Denver, Boston, Miami and New Orleans. They had the largest share of their vulnerable neighborhoods that gentrified during that time period. The study, from the National Community Reinvestment Coalition, is a follow-up to …

San Francisco most intensely gentrified city in new rankings Read More »

Analysis of the OCC’s Final CRA Rule

The Office of the Comptroller of the Currency (OCC) released their Community Reinvestment Act (CRA) final rule on May 20. It will lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that will be complex and opaque, while at the same time over-simplifying how to measure a bank’s …

Analysis of the OCC’s Final CRA Rule Read More »

Resolution to protect the Community Reinvestment Act – To ensure that efforts to modernize regulations do not undermine the intent of the law

The following sample resolution provides the history, purpose, and some of the basic functions of CRA and includes the key principles that are critical to preserve in the on-going regulatory reform effort by the nation’s bank regulators. This template is a start and can be adapted by non-profits, localities, state legislatures and other governing bodies moved for immediate adoption. It should …

Resolution to protect the Community Reinvestment Act – To ensure that efforts to modernize regulations do not undermine the intent of the law Read More »

NCRC Comment on the CFPB’s Request for Information to Assist the Taskforce on Federal Consumer Financial Law

(Download) June 1, 2020 Comment Intake Bureau of Consumer Financial Protection 1700 G Street NW Washington, D.C. 20552 Re:       Docket No. CFPB-2020-0013 85 FR 18214 Request for Information to Assist the Taskforce on Federal Consumer Financial Law Dear Chief of Staff Weber: The National Community Reinvestment Coalition (NCRC) would like to respond to the …

NCRC Comment on the CFPB’s Request for Information to Assist the Taskforce on Federal Consumer Financial Law Read More »

Do CRA Ratings Reflect Differences in Performance: An Examination Using Federal Reserve Data

Key Findings Better outcomes on the retail lending test usually corresponded to higher ratings but the differences in performance were not as wide as expected Performance measures used to assess community loans and investments tended to indicate greater differences in bank performance across ratings categories This paper suggests the need for refining performance measures and …

Do CRA Ratings Reflect Differences in Performance: An Examination Using Federal Reserve Data Read More »

Over 130 groups support more funding for housing counseling

Dear Senate Leadership and Senate Appropriators: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations are writing to urge the Senate to support housing counseling provisions included in H.R. 6800, the HEREOS Act, recently passed by the House.  Housing counseling agencies have played an essential role following the nation’s housing crisis and numerous natural disasters since then.  Congress …

Over 130 groups support more funding for housing counseling Read More »

NCRC Comment Letter on Monzo’s Charter Application

(Download) May 21, 2019 RE: NCRC Comment Letter on Monzo’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Monzo’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act and the …

NCRC Comment Letter on Monzo’s Charter Application Read More »