NCRC

Comment on SBA Proposed Rule on Criminal Justice Reviews for the SBA Business Loan Programs

By / / Testimony & Regulatory Comments / 14 minutes of reading

Download November 14, 2023 Dianna Seaborn, Director Office of Financial Assistance U.S. Small Business Administration 409 3rd Street SW Washington, DC 20416 RE:      RIN 3245-AI03, 2023-19183, Criminal Justice Reviews for the U.S. Small Business Administration’s Business Loan Programs and Surety Bond Guaranty Program, Dear Director Seaborn: The undersigned organizations appreciate the opportunity to comment on the […]

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Video: The New Community Reinvestment Act Rule: What’s In It And What Will It Mean

By / / NCRC Videos / 36 minutes of reading

Online Event Archive Recorded November 3, 2023 Acting Comptroller of the Currency Michael Hsu, Chairman of the FDIC’s Board of Directors Martin Gruenberg and Federal Reserve Vice Chair for Supervision Michael Barr joined NCRC President and CEO Jesse Van Tol to discuss the new Community Reinvestment Act (CRA) rules.   Speakers: Michael Hsu, Acting Comptroller

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AP News: Massachusetts Has A Huge Waitlist For State-Funded Housing. So Why Are 2,300 Units Vacant?

By / / On Our Radar / 1 minute of reading

AP News, October 3, 2023, Massachusetts Has A Huge Waitlist For State-Funded Housing. So Why Are 2,300 Units Vacant? In Massachusetts, which has some of the country’s most expensive real estate, there are 184,000 people on a waitlist for the state’s 41,500 subsidized apartments. Yet a WBUR and ProPublica investigation found that nobody is living in nearly

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NYTimes: New York Is Rebounding For The Rich. Nearly Everyone Else Is Struggling.

By / / On Our Radar / 1 minute of reading

NYTimes, October 3, 2023, New York Is Rebounding For The Rich. Nearly Everyone Else Is Struggling. As New York City inches closer to recovering all the jobs it lost during the pandemic, Manhattan — the city’s economic engine — marked a far less encouraging milestone. It now has the biggest income gap of any large

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Shelterforce: Which U.S. Laws Require Accessibility In Housing—And How Well Do They Do?

By / / On Our Radar / 1 minute of reading

Shelterforce, October 3, 2023, Which U.S. Laws Require Accessibility In Housing—And How Well Do They Do? Section 504 says that in any housing development that receives federal funds, at least 5 percent of the units must be accessible for people with physical or mobility disabilities and 2 percent accessible for people with vision or hearing

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NPR: Consumer Watchdog Agency\’s Fate At Supreme Court Could Nix Other Agencies Too

By / / On Our Radar / 1 minute of reading

NPR, October 3, 2023, Consumer Watchdog Agency’s Fate At Supreme Court Could Nix Other Agencies Too If you have a mortgage or a loan or a credit card, you likely have more protection from deceptive practices in the financial services industry today than you did at the time of the 2008 financial crash. Now, however,

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Bloomberg Law: Banks, Realtors Push US Agencies to Cap Home Appraisal Do-Overs

By / / In the News / 1 minute of reading

Bloomberg Law, October 3, 2023, Banks, Realtors Push US Agencies to Cap Home Appraisal Do-Overs Banks and realtors urged federal regulators to limit the number of times a potential homebuyer or seller can challenge an appraisal of the property’s value. Five agencies proposed guidance in June seeking to make it easier for consumers to ask

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Axios: How New Bank Capital Rules Could Hit Black Borrowers Hardest

By / / In the News / 1 minute of reading

Axios, October 3, 2023, How New Bank Capital Rules Could Hit Black Borrowers Hardest New Federal Reserve rules meant to make big banks safer — the set of plans known as Basel Endgame — would make it even harder for low- and middle-income Americans, a group that includes a disproportionate number of Black Americans, to get a

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Lawyers Committee: Lawyers’ Committee Calls on the Supreme Court to Uphold Chevron, Citing Impacts on Civil Rights if Overturned

By / / In the News / 1 minute of reading

Lawyers Committee For Civil Rights Under Law, October 3, 2023, Lawyers’ Committee Calls on the Supreme Court to Uphold Chevron, Citing Impacts on Civil Rights if Overturned The Lawyers’ Committee for Civil Rights Under Law – in collaboration with Pro Bono counsel Moore & Van Allen, PLLC – led a group of civil rights organizations

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Colorado Newsline: Colorado River Officials To Expand Troubled Water Conservation Program In 2024

By / / In the News / 1 minute of reading

Colorado Newsline, October 3, 2023, Colorado River Officials To Expand Troubled Water Conservation Program In 2024 Colorado River officials plan to expand a conservation program next year that pays farmers and ranchers to use less water. But questions remain about some of the proposed ideas and the program’s overall efficacy. The state initially launched the System

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See How Much CRA Lending Has Gone Into Your Community

By / / Uncategorized / 1 minute of reading

See How Much CRA Lending Has Gone Into Your Community Source: Home Mortgage Disclosure Act Data from the FFIEC (pre-2018) and the CFPB (2018-2020). Originations only to borrowers that are low-or-moderate income or who are in a low-or-moderate income census tract. Business loans are from the FFIEC. Loans to businesses with less than $1 million

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NCRC Applauds OCC for Intentions to Survey Trust in Banking, Calls for an Inclusive Sample of End-Users and a Focus on How Banking is Changing

By / / Testimony & Regulatory Comments / 17 minutes of reading

(Download) October 10th, 2023 Chief Counsel’s Office Attention: Comment Processing Office of the Comptroller of the Currency 400 7th St. SW Suite 3E-218 Washington, DC 20219 RE: Trust in Banking Survey; Docket ID OCC-2023-0003 Dear Honorable Acting Comptroller Hsu: Thank you for the opportunity to comment on how the Office of the Comptroller will develop

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Hispanic Workers See Some Warning Signs In An Overall Good Jobs Report

By / / Research / 6 minutes of reading

Race, Jobs, and the Economy October 2023 Update September 15th through October 15th is Hispanic Heritage Month. As noted in our Latino Racial Wealth Snapshot, almost 19% of Americans are Hispanic and while their population has almost doubled in number since 2020 they remain far less wealthy than non-Hispanic White Americans. From college attainment to homeownership to income, Hispanics

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#SolutionsHUB Spotlight: How El Paso Hispanic Chamber Of Commerce Is Ensuring Capital Readiness For Rural Hispanic Entrepreneurs

By / / Field Notes / 4 minutes of reading

Latino-owned businesses (LOBs) are the fastest growing segment of the US business population and, with continued efforts of capital infusion, are becoming a major economic engine for many communities. Between 2007 and 2019, for example, the number of LOBs grew by 34% while White-owned businesses (WOBs) experienced a 7% drop. In this same time period,

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