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NCRC

The Great Consolidation of Banks and Acceleration of Branch Closures Across America

By / / Research / 22 minutes of reading

In the ten years from March 2010 through March 2020, there was a net loss of 11,820 branches in the US, an average of 98.5 per month. Since the pandemic reached our shores in March 2020, 4,025 branches have closed — an average of 201 branch closures per month. This was beyond our prediction and calls into question the future of bank branches as the principal conduit for access to financial services.

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Video: A conversation with OCC Acting Comptroller Hsu

By / / NCRC Videos / 2 minutes of reading

Online Event Archive Recorded Monday, February 14, 2022 The National Community Reinvestment Coalition (NCRC) hosted an online conversation with Acting Comptroller of the Currency Michael Hsu and NCRC President and CEO Jesse Van Tol. They talked about the Community Reinvestment Act (CRA) and the importance of banks meeting the needs of their communities, the racial

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Racial Wealth Snapshot: Native Americans

By / / Research / 8 minutes of reading

The United States has too often hindered Native American advancement, not advanced it. Through years of intentional governmental policies that removed lands and resources, American Indians have been separated from the wealth and assets that were rightfully theirs.

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NCRC Comment Letter on Figure Bank’s Charter Application

By / / Testimony & Regulatory Comments / 21 minutes of reading

(Download) February 4, 2022 RE: NCRC Comment Letter on Figure Bank’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and 36 community organizations co-signing this letter maintain that Figure Bank’s application for a charter has not demonstrated a significant commitment to meeting the convenience and needs of the community to

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Advocates Submit Letter to FDIC To Stop Banks From Fronting For Predatory Lenders

By / / Testimony & Regulatory Comments / 9 minutes of reading

(Download) February 4, 2022 The Honorable Martin Gruenberg Acting Chairman Federal Deposit Insurance Corporation 1776 F Street, NW Washington, DC 20006 Rohit Chopra, Director Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20220 Michael Hsu, Acting Comptroller Office of the Comptroller of the Currency 400 7th Street, SW Washington, DC Dear Acting Chairman

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NCRC Letter in Support Of Federal Reserve Nominees

By / / Testimony & Regulatory Comments / 6 minutes of reading

(Download) Senator Sherrod Brown Chairman U.S. Senate Committee on Banking, Housing, and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Chairman Brown, The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to express strong support for the nomination of Sarah Bloom Raskin to serve as Vice-Chair of Supervision for

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Video: Home Mortgage Lending During the Pandemic Webinar

By / / NCRC Videos / 1 minute of reading

Online Event Archive Recorded Wednesday, January 26 2022 During the pandemic, relief efforts led to historically low interest rates. NCRC just published a new report on mortgage lending data from 2020, and who reaped the benefits of historically low rates. Hear from the authors of the report, and dig into where mortgage capital flowed as

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Group letter on CFPB’s RFI on HMDA

By / / Testimony & Regulatory Comments / 79 minutes of reading

(Download) January 21, 2022 RE: Request for Public Comment, HMDA Assessment, Docket No. CFPB-2021-0018 To Whom It May Concern: The 54 undersigned organizations extol the value of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by the Consumer Financial Protection Bureau (CFPB). The Dodd-Frank Wall Street

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NCRC Expresses its Support for Greater Scrutiny of Bank Merger Applications; All Mergers Must Lead to Clear and Verifiable Benefits to the Public

By / / Testimony & Regulatory Comments / 7 minutes of reading

(Download) January 20, 2022 Robert E. Feldman Executive Secretary Federal Deposit Insurance Corporation 1776 “F” Street, NW Washington, DC 20006 Dear Members of the Board of Directors of the Federal Deposit Insurance Corporation: The National Community Reinvestment Coalition (NCRC) and its undersigned member organizations express their support for the Federal Deposit Insurance Corporation’s (FDIC) action to

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NCRC Comment on Proposed Section 1071 Small Business Lending Data Collection

By / / Testimony & Regulatory Comments / 24 minutes of reading

(Download full comment) Introduction January 4, 2022 RE: Docket No. CFPB-2021-0015, Section 1071 Small Business Lending Data Collection To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the proposed rule for reporting and disseminating small business loan data required by Section 1071 of the Dodd Frank Wall

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NCRC Comment on NY State amendment to CRA concerning small business lending data

By / / Testimony & Regulatory Comments / 7 minutes of reading

(Download) December 22, 2021 Comment regarding proposed amendment to 3 NYCRR 76 compliance with Community Reinvestment Act Requirements To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of 600 community organizations dedicated to increasing access to credit and capital for traditionally underserved communities, commends New York State for amending its banking

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NCRC Calls on CFPB to Prioritize Needs of Consumers and Small Businesses Above Big Tech

By / / Testimony & Regulatory Comments / 37 minutes of reading

(Download) December 21, 2021 Rohit Chopra Director Consumer Financial Protection Bureau 1700 “G” St. NW Washington, DC 20552 Docket No. CFPB-2021-0017: Notice and Request for Comment Regarding the CFPB’s Inquiry into Big Tech Payment Platforms Dear Director Chopra: The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that work

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NCRC’s comment on the Illinois Advanced Notice of Proposed Rulemaking concerning the Illinois Community Reinvestment Act.

By / / Testimony & Regulatory Comments / 20 minutes of reading

(Download) December 20, 2021 Illinois Department of Financial and Professional Regulation Attn: Craig Cellini 320 West Washington, 3rd Floor Springfield, IL 62786 Comments on Advanced Notice of Proposed Rulemaking (ANPR) regarding Illinois Community Reinvestment Act (Public Act 101-657, codified at 205 ILCS 735) Dear Mr. Cellini: The National Community Reinvestment Coalition (NCRC), an association of

NCRC’s comment on the Illinois Advanced Notice of Proposed Rulemaking concerning the Illinois Community Reinvestment Act. Read More »

Does Perceived Socio-Economic Status Impact Access to Credit in the Small Business Arena?

By / / Research / 27 minutes of reading

From November 1, 2020, to December 14, 2020, NCRC conducted multi-layered matched-
pair tests of 22 different financial institutions. The purpose of this study was to examine the
role of socio-economic status (SES), specifically perceived education, on the interactions
between race and treatment in the small business pre-application arena.

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