ANALYSIS: Capital One-Discover “Community Benefits Plan” Contains Less Than $5 Billion In New Value
A detailed critique of the community benefits plan released by Capital One as part of its attempted merger with Discover.
Benefits Of Approving $35B Capital One-Discover Merger Are Just 2% Of What Bank Claims, Community Advocates Write to Regulators
“$5 billion is an insultingly small tip to leave on a quarter-trillion-dollar tab,” said Jesse Van Tol, President and CEO of NCRC.
NCRC CDF Entrepreneur Spotlight: Vea Logistics, LLC
This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s Community Development Fund. Vea Logistics, LLC, is a minority-owned small business franchised partner of College H.U.N.K.S. Hauling Junk & Moving, started by Justin Logan. Can you share a brief overview of your business and what inspired you to start it? At
NCRC’s Jesse Van Tol Provided Remarks At Capital One – Discover Hearing
NCRC President and CEO Jesse Van Tol testified Friday, July 19, at a public hearing on the proposed Capital One-Discover merger. Here are his prepared remarks: Good Morning, I’m Jesse Van Tol, President and CEO of NCRC. This merger is a terrible, horrible, no good, very bad idea. And I could just end my testimony
NCRC’s Kevin Hill Provided Remarks At Capital One – Discover Merger Hearing
NCRC Senior Policy Advisor Kevin Hill testified Friday, July 19, at a public hearing on the proposed Capital One-Discover merger. Here are his prepared remarks: Hello, I’m Kevin Hill with NCRC. The OCC and the Federal Reserve must deny Capital One’s application to acquire Discover Bank. This merger would further consolidate the credit card industry,
Regulators Must Block Capital One-Discover Merger, 138 Community Organizations Write In Comment Letter
A day after Capital One announced support from four community organizations, 138 others blasted the proposed Capital One-Discover merger in a letter.
NCRC Statement On Capital One’s Promises To Marginalized Communities
A Capital One-Neighborworks deal resembles ‘a backdoor endorsement of the merger and a serious conflict of interest just as OCC and Fed staff review the deal.’
NCRC comment on FHLB Bank Mission
(Download) July 12, 2024 To Whom it May Concern: NCRC appreciates this opportunity to comment on the Federal Housing Finance Agency’s (FHFA’s) request for information (RFI) regarding the mission of the Federal Home Loan Banks (FHLB) and their support of affordable housing and community development. The FHFA must sharpen the FHLBank mission statement and performance
Health Equity Research Spotlight: Challenges And Solutions For Connecting Community Development And Public Health Institutions
Two recent studies of health equity work show the challenges that community development and public health organizations face in building trust.
Housing, Household Budgets And Hiring Hiccups: July 2024 Race, Jobs And The Economy Update
The July jobs report hints at a softening economic picture — especially with household budgets continuing to feel the squeeze of inflation.
Remembering Inez Long
In memory of a dynamic woman who left positive marks on the communities she served.
NCRC, CDAD and Detroit Reinvestment Coalition Announce Just Economy: Detroit
The Detroit Reinvestment Coalition, Community Development Advocates of Detroit (CDAD) and the National Community Reinvestment Coalition (NCRC) will host Just Economy: Detroit September 24 in Detroit, Michigan. The one-day summit will center a question with no simple answer: What will it take to make a just economy a local reality in Detroit? The legacy of
Just Economy Summit: Detroit
Register Now Tuesday, September 24 JUST ECONOMY Detroit REGISTER JUST ECONOMY Detroit REGISTER Tuesday, September 24 Get A Fresh Perspective Join the Detroit Reinvestment Coalition, Community Development Advocates of Detroit (CDAD) and the National Community Reinvestment Coalition (NCRC) for Just Economy: Detroit! What will it take to make a Just Economy a local reality in
NCRC Statement on Supreme Court Ruling In Chevron Deference Case
“If the courts are declaring open season on regulatory decision-making, then we have to make sure corporate America aren’t the only ones fighting.”
Devin Mack Hired As NCRC’s Director Of Fair And Equitable Opportunity
Meet Devin Mack, NCRC’s new Director of Fair and Equitable Opportunity. He leads a team that conducts enforcement and investigative efforts to address historical patterns of discrimination, including fair housing and fair lending law violations. Devin is an experienced attorney advocate and financial services professional who is passionate about safeguarding the rights of consumers and
Simon “Mac” McNeil, Hired As Executive Director of NCRC Community Development Fund
Meet Simon “Mac” McNeil, the new Executive Director of the NCRC Community Development Fund (NCRC CDF). NCRC CDF is a US Treasury-certified Community Development Financial Institution. Mac will be NCRC CDF’s entrepreneurial leader, primary fundraiser and executive manager. He was named as one of the 10 Most Influential Black Corporate Leaders to Watch in 2023
Health Equity Research Spotlight: Housing Vouchers Improve Physical Health
Public health outcomes improve when HUD housing vouchers are more widely available.
NCRC comment on FDIC proposed statement of policy
(Download) June 18, 2024 RE: Statement of Policy (SOP) on Bank Merger Transactions, RIN 3064–ZA31 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on proposed changes to the FDIC’s statement of policy on bank merger transactions. Bank mergers profoundly impact banks’ capacities to serve the convenience and
Illinois Legislature Provides A Roadmap For Progress With Its State-Level Community Reinvestment Act
A new state-level Community Reinvestment Act from the Illinois legislature offers a roadmap for economic justice.
“Weathering” And The Effects Of Racism On Public Health
Public health and health equity experts often refer to the concept of “weathering.” So what is it?
An Anxious Economy: A Mid-Year Race Jobs and the Economy Update
The May BLS jobs report is out. Nearly midway through 2024, what is the overall state of the US economy?
Applications Now Open For The NCRC Fellowship For Equitable Development
The National Community Reinvestment Coalition (NCRC) is launching the third year of its transformative fellowship program that matches top-level master’s degree students with esteemed community development organizations. The NCRC Fellowship for Equitable Development offers a unique opportunity for fellows to gain hands-on experience, kickstart their professional development and contribute to innovative projects. In return, organizations
NCRC Testimony at FHFA Listening Session and Comments in Response to FHFA RFI on Equitable Housing Finance Plans
Josh Silver, Senior Advisor, NCRC, June 5, 2024 The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the equitable housing finance plan requirement for the Government Sponsored Enterprises (GSEs). The GSEs, Fannie Mae and Freddie Mac, are major entities in the secondary market providing liquidity for banks and other lenders when they
June 5 FHFA Hearing Is Key Opportunity For Community Organizations To Influence Fannie Mae And Freddie Mac To Promote The Just Economy
Community organizations have a key opportunity to influence an obscure but consequential piece of the FHFA’s fair lending work.
The CFPB Won Big At The Supreme Court — But The Fight Over Small Business Lending Discrimination Is Just Beginning
The CFPB may be safe, but its work to fight small business lending discrimination is not.