The one big CRA fight over the one ratio
The idea behind the one ratio is that it will immediately signal to banks whether they are in compliance with CRA and can reasonably expect to pass their next CRA exam.
An old American struggle, always new
My daughter will be attending college near Charlotte, North Carolina, in the fall. As part of her orientation, the college asks all incoming freshmen to read a common book. This year, the book was Color and Character by North Carolina historian Pamela Grundy, a story about the struggle for integration and educational equity in Charlotte, North …
NCRC analysis of OCC bulletin 2018-17
Supervisory Policy and Processes for Community Reinvestment Act Performance Evaluations OCC bulletin 2018-7 describes a number of technical and methodological issues concerning designation of assessment areas, data used on Community Reinvestment Act (CRA) exams, and scheduling of exams.[1] While this may seem technical in nature, the examination procedures outlined in the bulletin can have a …
Opportunity zones: Will the money flow in your town?
A new kind of investment fund with special tax incentives could steer billions in private capital to some low- and moderate-income neighborhoods.
Testimony of Stella Adams before the New York State Senate Democratic Conference
June 8, 2018 Senator Sanders, members of the Committee, my name is Stella Adams, and I serve as the Chief of Equity and Inclusion for the National Community Reinvestment Coalition, more commonly known as NCRC. NCRC creates, implements, and supports long-term solutions and strategies that build community and promote individual economic well-being. The programs of …
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The importance of CRA assessment areas and bank branches
In 1977, Congress enacted the Community Reinvestment Act (CRA) and required federal bank agencies to assess the record of banks in meeting needs for credit and banking services in communities in which banks are chartered. The federal bank agencies responded by creating CRA examinations that assessed banks’ performance in geographical areas containing bank branches and …
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Banking and financial services for a dementia-friendly america
Created in partnership with: According to a Fidelity Investment survey of financial advisors, 84 percent of respondents said they had clients with dementia and 96 percent of respondents said they do not feel prepared for this population. In a dementia friendly community, banks and financial services are aware of dementia and responsive to the individual …
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NCRC comment on CFPB fair lending reviews and supervision
Docket No. CFPB-2018-0004 Effectiveness and Efficiency of Supervision Program To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), a coalition of more than 600 community-based organizations, urges the CFPB to make the fair lending review process more transparent and to better facilitate community group input in the process. This letter represents the views …
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2018 Policy Agenda: Investing in a just economy
Investing in a Just Economy For over 27 years, NCRC has worked to create a just economy. We believe private capital of various forms – including a wide variety of financial institutions – must be engaged in building an equitable and fair economy. There is both a legal and a moral obligation for banks and …
2017 HMDA Overview: Non-banks dominated home lending
Quicken Loans overtakes Wells Fargo as the largest loan originator.
NCRC analysis of CRA Treasury report
The Department of Treasury released its long anticipated memorandum recommending changes and updates to the Community Reinvestment Act (CRA) in early April. Spring is a season of renewal and CRA is a law that indeed needs refreshing and updating. Passed in 1977, it imposes an affirmative obligation on banks to serve the needs of local communities. The statute directs federal bank agencies to examine and rate banks on their lending and service in low- and moderate-income communities.
Reversing the red lines: Disinvestment in America’s cities
With the publication of Richard Rothstein’s 2017 book, The Color of Law: A Forgotten History of How Our Government Segregated America, the issue of racial and economic “redlining” has come to the forefront. The shocking thing about the revelations in Rothstein’s book is the degree to which policies and practices of segregation were accepted and …
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HOLC “redlining” maps: The persistent structure of segregation and economic inequality
This study examines how neighborhoods were evaluated for lending risk by the HOLC, and compares their recent social and economic conditions with city-level measures of segregation and economic inequality
Lorraine Kudayah
Portfolio Analyst lkudayah@ncrc.org 202-524-4888
Stephanie Ann Russell
Executive Assistant to Chief, Community Development srussell@ncrc.org 202-464-2728 Stephanie Ann Russell is the Executive Assistant to the Chief Community Development Officer at NCRC. As Executive Assistant, Stephanie is responsible for the overall management of the Chief’s schedule along with ensuring that the day-to-day activities are accomplished. Stephanie works closely with the Team to assist with …
