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Richard Lynch

Yep, predatory lending still exists

Recent deregulation has caused a return of predatory products flooding the marketplace, including NINJA financing and auto, payday and PACE loans with exorbitant pricing. These products continue to be problematic for borrowers and prey on LMI and communities of color. We will explore how these products can continue to be prevalent 10 years after the […]

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Home lending to LMI borrowers and communities by banks compared to non-banks

Introduction As the federal bank agencies consider Community Reinvestment Act (CRA) reform, data on the patterns of lending to low- and moderate-income (LMI) borrowers and neighborhoods will help inform needed changes. For example, if non-banks not covered by CRA were found to be making significantly higher percentages of loans to LMI borrowers or neighborhoods than

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Testimony of Jesse Van Tol, CEO, National Community Reinvestment Coalition, April 9, 2019 – Consumer Protection and Financial Institutions Subcommittee

The Community Reinvestment Act: Assessing the Law’s Impact on Discrimination and Redlining   Introduction: Public input and accountability are the keys to CRA’s success I thank Chairman Meeks and the members of this subcommittee for providing me the honor of testifying this morning regarding the Community Reinvestment Act’s (CRA) impact in combating discrimination and redlining.

Testimony of Jesse Van Tol, CEO, National Community Reinvestment Coalition, April 9, 2019 – Consumer Protection and Financial Institutions Subcommittee Read More »

The CFPB’s consumer complaint database tells a story about our economy we need to hear

There is a little known public database of complaints about financial institutions that is garnering a lot of criticism from some banks and regulators. Despite this criticism, highly valuable information can be gleaned from these complaints that can help banks and other financial institutions better serve their customers. In 2010, when the Dodd-Frank Wall Street

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Health equity and anchor institutions

Hospital systems, like banks and financial institutions, must invest in communities. With strong motivation from the Affordable Care Act, more hospital systems are collaborating successfully with community-based organizations to make long-lasting progress towards health equity. This session dives into the ways community groups can partner, conduct assessments, build community support and launch task forces to

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Advocating for transparency: Small business lending disclosures legislation

This session will give an overview of how California State Senate Bill 1235 was introduced (including brief Small Business Borrowers’ Bill of Rights (BBoR) history) and detail the process by which its supporters were able to get the bill passed. SB 1235 represents the first-ever Truth In Lending Act (TILA) disclosure for small-business financing in

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Request for information on FDIC’s deposit insurance application process

RIN 3064-ZA03 March 29, 2019 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to respond to the FDIC’s request for information regarding the application process for deposit insurance. As a coalition of 600 community-based organizations, NCRC believes that a clear and transparent process for deposit insurance applications is critical

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Everybody under one roof: Multigenerational housing

The rise of multigenerational families is creating an emerging demand across the country for housing that meets the needs of all ages and abilities due to rent burdens, aging parents with older housing stock, health concerns, caregiving, wage stagnation and cultural norms. Communities are juggling the need to renovate traditional housing units while maintaining affordability

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How can banks better serve their communities?

SPEAKERS: Kat Taylor, Co-founder and CEO of Beneficial State Bank Kat Taylor works in service of restoring social justice and environmental well-being. Kat is active in a variety of social enterprises, public benefit and philanthropic ventures on the West Coast. Currently, she serves as co-founder and co-CEO of Beneficial State Bank, a Community Development Financial Institution

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Lael Brainard, Board of Governors of the Federal Reserve System

Lael Brainard took office as a member of the Board of Governors of the Federal Reserve System on June 16, 2014, to fill an unexpired term ending January 31, 2026. Prior to her appointment to the board, Lael served as undersecretary of the U.S. Department of Treasury from 2010 to 2013 and counselor to the

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Stella Adams, Housing Chair, North Carolina branch of NAACP

Stella Adams is the CEO of S J Adams Consulting, which provides community education in fair housing/fair lending issues; promotes community involvement in fair housing/fair lending issues and performs research and policy development in the areas of fair housing, fair lending and access to capital for all. Most recently, Stella served as the chief of

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John Taylor, President and CEO, NCRC

John Taylor is president and founder of the National Community Reinvestment Coalition (NCRC), the leading national community-based membership organization promoting economic fairness for low-income and traditionally underserved people. John has been the recipient of numerous local, state and national awards, including an appointment by President Bill Clinton to the advisory board of the CDFI Fund,

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Congressman G K Butterfield, Energy & Commerce Committee, (D-North Carolina)

Congressman G. K. Butterfield is a life-long resident of eastern North Carolina. Raised in Wilson, Congressman Butterfield spent his formative years attending Charles H. Darden High School and worked tirelessly in the Civil Rights Movement as a young adult. His parents were Dr. & Mrs. G. K. Butterfield, Sr. His father practiced dentistry for 50 years

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Jesse Van Tol, Chief Executive Officer, NCRC

Jesse Van Tol is NCRC’s chief executive officer. He has been with NCRC since 2006 and has held a variety of leadership positions, most recently as chief operating officer, as well as senior positions in the organizing and membership, communications, policy and research departments. His work championing fair and responsible banking has resulted in nearly

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