Why the Great Migration Did Little to Bridge the Great Racial Divide
Prominent individual success stories can create an impression that the Great Migration brought widespread and lasting Black economic liberation. But did it?
NCRC Member Profile: UPI Loan Fund
NCRC’s membership includes more than 600 community-focused organizations in 44 states. Here’s an introduction to one of them, UPI Loan Fund, from their Executive Director, Kerwin Brown. Tell us about your organization’s mission/focus area. We are based in Phoenix, Arizona, primarily serving the unbanked and underbanked and Black and Brown communities. Our vision is to
NCRC Comment on Responsible Development of Digital Assets
(Download) August 8, 2022 Natalia Li Deputy Director Office of Financial Institutions Policy Department of the Treasury 1500 Pennsylvania Ave. NW Washington, DC 20220 RE: Docket 2022-14588 Ensuring Responsible Development of Digital Assets Dear Ms. Li: Thank you for the opportunity to comment on these questions. The National Community Reinvestment Coalition (NCRC) is an association
NCRC To Regulators: Act Now To Establish A Coherent Regulatory Regime For Digital Assets
Regulators should act expeditiously to protect consumers who hold digital assets, the National Community Reinvestment Coalition (NCRC) wrote to the Treasury Department in a comment filed Monday. “We are past the point of speculating that digital assets might end up hurting people someday. Consumers are being hurt now, so it is important that regulators act
NCRC Files Final Comment Letter On Proposed Overhaul Of Community Reinvestment Act Regulations
“Significant changes will be required if the final rule is to deliver real progress in addressing the legacy of redlining in America.”
NCRC’s Full Public Comment Letter On Community Reinvestment Act Interagency Rulemaking
(Download) Chief Counsel’s Office Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219 Ann E. Misback Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW Washington, DC 20551 James P. Sheesley Assistant Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW
NCRC Video: A conversation with key financial regulators on proposed Community Reinvestment Act (CRA) reform
Recorded August 2, 2022 Listen to our conversation with key financial regulators on proposed Community Reinvestment Act (CRA) reform. We dig into the potential areas for reform, and how these impact your communities. For more information and sample comment letters, visit our #TreasureCRA page. Speakers: Eric Belsky, Director, Division of Consumer and Community Affairs, Board of Governors of
Modernizing CRA Means Giving Banks Credit For Climate Mitigation Projects
Federal agencies are correct to include the disproportionate impacts of the climate crisis in Community Reinvestment Act modernization.
$24 Million Settlement Of Modern-Day Redlining Case In Philadelphia Shows Government Takes Lending Discrimination Seriously
The National Community Reinvestment Coalition (NCRC) on Wednesday applauded a $24 million settlement to punish serious intentional discrimination and redlining in the Philadelphia area, and urged the courts to endorse disciplinary action against Berkshire-Hathaway subsidiary Trident Mortgage Company proposed by the Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB). “Lending discrimination is a
How the Community Reinvestment Act Can Support Childcare
We need an all-of-the-above approach to tackling the childcare crisis in our country — including in Community Reinvestment Act rules.
Why Food Justice Advocates Should Care About CRA Reform
The urgent case for anti-hunger advocates and climate activists to get involved in Community Reinvestment Act reform efforts this summer.
Could a banking law designed to end redlining drive more capital into local journalism?
A consortium of news publishers wants federal regulators to update Community Reinvestment Act rules so banks do more to support minority-owned local journalism.
2022 NCRC Field Empowerment Fund Applicant Webinar
Recorded July 15, 2022 A review the Field Empowerment Fund application process and proposal guidelines. Attendees receive a guided look at NCRC’s grant portal and participate in Q&A led by the Community Impact team.
Testimony of Catherine Crosby, Town Manager, Town of Apex; Board Chairperson, National Community Reinvestment Coalition
(Download) “Better, Together: Examining the Unified Proposed Rule to Modernize the Community Reinvestment Act” House Financial Services Subcommittee on Consumer Protection and Financial Institutions, July 13, 2022 I am honored to testify before you today on the proposed regulatory reform of the Community Reinvestment Act. I am the board chairperson of the National Community Reinvestment
NCRC Board Chair Katy Crosby To Testify On Capitol Hill
Crosby brings direct city manager experience to House Financial Services Committee hearing on proposed overhaul of Community Reinvestment Act.
REMINDER: CRA Reform Comment Letters Are Due August 5
The deadline to submit comments on the Notice of Proposed Rulemaking (NPR) on the Community Reinvestment Act (CRA) is fast approaching – Friday, August 5.
NCRC’s Field Empowerment Fund For Nonprofits And CDFIs Opens Final Round Of Grant Applications
The National Community Reinvestment Coalition (NCRC) on Friday opened applications for the final round of its $5 million Field Empowerment Fund (FEF).
The Temperature of Disinvestment: Examining Urban Heat Islands and Historically Redlined Communities
Urban heat islands and historic redlining are combining to put the most marginalized people in the country on the front lines of the climate crisis.
Survey Results: NCRC Members Highlight CRA Reform Benefits, But Note Gaps Too
Community Reinvestment Act changes are coming. We asked our members what’s working, what’s not, and what should be done about it.
Developing radical goals for Black homeownership and access to affordable housing
Over the last 50 years, there has been little bridging of the Black/White homeownership divide. During this time of higher interest rates and a higher cost of housing, what can be done to significantly advance Black homeownership and access to affordable housing? We heard from a panel of experts on the type of radical changes needed and practical ways to move us in that direction.
Groups Urge Downgrade To CRA Rating For Utah-Based TAB Bank
The FDIC should penalize rent-a-bank practices that harm consumers, 40 consumer groups wrote in a letter.
40 Groups Urge FDIC To Downgrade TAB Bank
(Download) June 30, 2022 Janet R. Kincaid Deputy Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square, Suite 2300 San Francisco, CA 94105 RE: Community Reinvestment Exam for TAB Bank Honorable Deputy Regional Director Kincaid: The National Community Reinvestment Coalition and the undersigned groups believe that the practices discussed in this comment
Initial Analysis Of 2021 HMDA Data: The Year That Homes Became ATMs Again
Read NCRC’s preliminary analysis of the newly published HMDA data on mortgage lending in 2021.
Advancing racial equity through infrastructure
This panel discussed the ways in which the Bipartisan Infrastructure Law ushers forward an era of promise for advancing equity through infrastructure programs to reconnect communities divided by transportation infrastructure, ensure clean drinking water and create employment pipelines to further economic prosperity in historically marginalized communities of color.
MAP: Here’s Where Changes To CRA Asset Thresholds Will Undermine Community Reinvestment
One out of every five banks in the United States stand to receive a reduction in Community Reinvestment Act obligations. Where will that change be felt?
