Dedrick Asante Muhammad, Rogelio Tec and Kathy Ramirez, Author at NCRC

Racial Wealth Snapshot: American Indians/ Native Americans

By Dedrick Asante Muhammad, Rogelio Tec and Kathy Ramirez / November 18, 2019 / Research / 4 minutes of reading

Native Americans and the Racial Wealth Divide 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 was rightfully theirs. Thus Native Americans, which refers to people from any of the […]

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NCRC President and Founder John Taylor’s Oral Testimony at the CFPB Symposium: Section 1071 of the Dodd-Frank Act, November 6, 2019

By John Taylor / November 6, 2019 / Testimony & Regulatory Comments / 4 minutes of reading

I’ve been asked to talk about the importance of small business data. I want to begin by sounding a warning we should all head. The income inequality in our country, the highest of any industrialized nation and the highest it has been in 50 years, is a festering calamity building towards an explosion of American

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Statement of the National Community Reinvestment Coalition: Data Drives Access to Credit and Capital for Small Business

By NCRC / November 6, 2019 / Testimony & Regulatory Comments / 33 minutes of reading

CFPB Symposium on Section 1071 Introduction – Importance of Small Business Loan Data The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the importance of data in understanding and monitoring the small business lending market. NCRC is an association of 600 community-based nonprofit organizations dedicated to increasing access to credit and capital

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NCRC’s Disparate Impact Letter to HUD

By NCRC / October 21, 2019 / Testimony & Regulatory Comments / 15 minutes of reading

(Download) October 18, 2019 Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. HUD-2019-0067 FR-6111-P-02 HUD’s Implementation of the Fair Housing Act’s Disparate Impact Standard Dear Assistant Secretary Farias: The National Community Reinvestment Coalition (NCRC) is committed to

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Comment Letter on Advanced Notice of Proposed Rulemaking on HMDA Data Points

By NCRC / October 16, 2019 / Testimony & Regulatory Comments / 97 minutes of reading

October 15, 2019 Comment on Advance Notice of Proposed Rulemaking (ANPR) Concerning HMDA Data Points Docket No. CFPB-2019-0020 To Whom It May Concern: The undersigned organizations (55 national and local organizations) oppose any dilution or diminishment of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by

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Comment Letter on Notice of Proposed Rulemaking Concerning Which Lenders Report Data

By NCRC / October 16, 2019 / Testimony & Regulatory Comments / 37 minutes of reading

October 15, 2019 Docket No. CFPB-2019-0021 or RIN 3170-AA76 Notice of Proposed Rulemaking, HMDA Reporting Thresholds To Whom it May Concern: The undersigned organizations (214 national and local organizations) oppose the proposal of the Consumer Financial Protection Bureau (CFPB) to exempt thousands of lending institutions from reporting the Home Mortgage Disclosure Act (HMDA) data. As

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Latinos, the Racial Wealth Divide and Rebuilding the American Middle Class

By Dedrick Asante-Muhammad and Diego Hernandez / October 15, 2019 / Research / 3 minutes of reading

As National Hispanic Heritage Month comes to a close, the National Community Reinvestment Coalition (NCRC) developed a Latino Racial Wealth Snapshot to reflect on the diversity, culture and socioeconomic challenges facing the nation’s largest ethnic group of color. With a total of 58.8 million (foreign-born: 36%; native-born: 62%), the Latino community ranks at 18.1% of the U.S.

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Racial Wealth Snapshot: Latino Americans

By Dedrick Asante-Muhammad and Diego Hernandez / October 15, 2019 / Research / 5 minutes of reading

Defining Hispanic and Latino In census data, Hispanic is the term most often used to describe the ethnicity of the people in the United States from Spanish speaking countries. However, it is most often thought of as a person from or has ancestry in Latin America, excluding people from Spain. The term Latino, shorthand for

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Starved!: Significant Mortgage Lending Disparities Still Persist

By Bruce Mitchell, PhD, Senior Analyst, Research & Evaluation, NCRC / September 26, 2019 / Research / 10 minutes of reading

Executive summary The National Community Reinvestment Coalition (NCRC) analyzed recent mortgage and small business lending activity in areas that were categorized and “redlined” by the Home Owner’s Loan Corporation (HOLC) during the 1930s. HOLC examiners were sent to over 200 cities 80 years ago to determine the risk associated with neighborhoods. This information was used

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National Community Reinvestment Coalition’s Written Testimony for the U.S. House Financial Services Committee’s Diversity and Inclusion Subcommittee Hearing, ‘Examining the Racial and Gender Wealth Gap in America,’ Washington, DC, September 24, 2019

By Dedrick Asante-Muhammad / September 25, 2019 / Testimony & Regulatory Comments / 4 minutes of reading

Good afternoon, thank you for inviting me here as Chief of Race, Wealth and Community of the National Community Reinvestment Coalition (NCRC) to speak about the racial wealth divide and what must be done to address this critical issue. NCRC was formed in 1990 and has grown into an association of more than 600 community-based

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The $90 Billion Bill We Pay Each Year for Non-Bank Mortgage Lenders

By Jason Richardson / September 22, 2019 / Research / 4 minutes of reading

A $90 billion premium comes out of the equity that we all pay. Higher fees make it harder for renters to become homeowners. They erode the price a seller can expect to receive for their home. This is a bill that falls disproportionately on LMI and minority families, one the reinforces the growing racial and income wealth gaps.

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Letter to Regulators on Proposed CRA One-Ratio Reform

By NCRC / September 17, 2019 / Testimony & Regulatory Comments / 18 minutes of reading

September 17, 2019 The Honorable Jerome H. Powell Chairman, Federal Reserve Board of Governors 20th Street and Constitution Avenue, NW Washington, DC 20551 The Honorable Joseph Otting Comptroller of the Currency 400 7th Street, SW Washington, DC 20219 The Honorable Jelena McWilliams Chairman, Federal Deposit Insurance Corporation 550 17th Street, NW Washington, DC 20429 Dear

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NCRC comment letter on AmeriNat charter application

By NCRC / September 13, 2019 / Testimony & Regulatory Comments / 14 minutes of reading

September 12, 2019 RE: NCRC Comment Letter on AmeriNat Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that AmeriNat’s application for an Industrial Loan Charter (ILC) has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required per the Federal

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NCRC Comment letter on Rakuten Charter application

By NCRC / August 30, 2019 / Testimony & Regulatory Comments / 26 minutes of reading

(Download) August 27, 2019 RE: NCRC Comment Letter on Rakuten Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Rakuten’s application for an Industrial Loan Charter (ILC) has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required per

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‘There you go again’ – CATO Institute joins chorus of falsehoods levied at the Community Reinvestment Act

By Josh Silver / August 28, 2019 / Views / 26 minutes of reading

In the Age of Fintech and Bank Competition,CATO Policy Analyst Diego Zuluaga maintained that the Community Reinvestment Act (CRA) should be repealed and replaced with a system of tradable credits. He started off his argument by asserting that the rationale for CRA is outdated since branching restrictions and other regulations that constrained competition have been

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Dedrick Asante Muhammad, Rogelio Tec and Kathy Ramirez

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