Mobile – Fair Lending Report
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NCRC urges emergency support for mortgage servicers
The Honorable Steven Mnuchin Secretary U.S. Department of the Treasury 1500 Pennsylvania Avenue NW Washington, D.C. 20220 The Honorable Jerome H. Powell Chairman Board of Governors of the Federal Reserve System 20th Street NW & Constitution Avenue NW Washington, D.C. 20551 The Honorable Jelena McWilliams Chairman Federal Deposit Insurance Corporation 550 17th Street NW Washington,
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Markets dominated by large banks see small number of PPP loans
Markets dominated by large banks see small number of PPP loans Last update: April 20,2020 In states where community banks (deposits of $10 billion or less) held more deposits, businesses were more likely to receive Payroll Protection Program (PPP) loan funding. In states where larger banks dominated the market, businesses received fewer PPP loans and
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NCRC Supplemental CRA Comment Using Federal Reserve CRA Data
(Download) April 8, 2020 NCRC supplemental comment on proposed CRA evaluation measure using Federal Reserve CRA data Notice of Proposed Rulemaking (Docket ID OCC–2018-0008 and RIN 3064-AF22) Reforming the Community Reinvestment Act Regulatory Framework To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) is submitting another comment on the proposed changes to the Community Reinvestment
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COVID-19 Hits Black and Hispanic Businesses Hardest of All
We already know that Black and Hispanic-owned small businesses are severely under- represented in communities, and the COVID-19 pandemic will likely damage these businesses especially hard. In a report that should surprise no one, researchers with the JPMorgan Chase Institute found that businesses located in Black and Hispanic communities are less likely to have the cash
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NCRC Comments Regarding Notice of Proposed Rulemaking (Docket ID OCC–2018-0008 and RIN 3064-AF22)
(Download) April 8, 2020 RE: Notice of Proposed Rulemaking, Community Reinvestment Act Regulations, Docket ID OCC-2018-0008 and RIN 3064-AF22 To Whom it May Concern: The National Community Reinvestment Coalition, an association of 600 community-based organizations that promote access to basic banking services, affordable housing, entrepreneurship, job creation and vibrant communities for America’s working families, believes
Communities, Survival & COVID-19
Change is stressful even when it isn’t forced by a terrifying global pandemic. But that’s what we face. We’re all in the middle of a huge and unplanned pivot, simultaneously managing a deadly disease and a worldwide financial collapse. Both are unlike any before. At NCRC, along with changing how we work – at home,
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Sign-On Letter asking OCC & FDIC to Suspend CRA Rulemaking during the COVID-19 Crisis
(Download) March 24, 2019 The Honorable Joseph M. Otting Comptroller of the Currency The Honorable Jelena McWilliams Chairman, Federal Deposit Insurance Corporation Dear Comptroller Otting and Chairman McWilliams: On behalf of the undersigned organizations, the National Community Reinvestment Coalition (NCRC) requests an immediate suspension until the end of the health crisis of the comment period for the proposed changes to
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Proposed OCC and FDIC Geographic Analysis of Home Mortgage and Small Business Lending: Permission to Decrease Lending for the Largest Banks?
Executive Summary The proposed changes to the Community Reinvestment Act (CRA) released by the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) would radically reconfigure the testing criteria for banks.  A new testing regime would assess low- and moderate-income (LMI) home mortgage and small business lending with a demographic comparison
NCRC’s Letter to Congress on COVID-19 Stimulus Provisions
(Download) The Honorable Mitch McConnell Majority Leader U.S. Senate S-230, The Capitol Washington, DC 20515 The Honorable Chuck Schumer Minority Leader United States Senate S-221, The Capitol Washington, DC 20510 The Honorable Nancy Pelosi Speaker U.S. House of Representatives H-232, The Capitol Washington, DC 20515 The Honorable Kevin McCarthy Minority Leader U.S. House of Representatives
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NCRC comment on Notice of Proposed Rulemaking, AFFH: Streamlining and Enhancements
March 16, 2020 Regulations Division, Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0500 Re: Docket No. FR-6123-P-02 Notice of Proposed Rulemaking Affirmatively Furthering Fair Housing: Streamlining and Enhancements Dear Assistant Secretary Farias: On behalf of the National Community Reinvestment Coalition (NCRC),
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