Banking Relationships: How and Why?
A bank can be a lifeline when times get tough for your business, but it may be difficult to get a loan if the bank doesn’t know you or trust you. Building that trust can be the difference between rejection or a line of credit. Having a banking relationship is just good for business.
Jennifer Powers Promoted to National Vice President of Acquisitions at GROWTH by NCRC
The NCRC Housing Rehab Fund, LLC (NCRC HRF), marketed as GROWTH by NCRC, has appointed Jennifer Powers as National Vice President of Acquisitions.
First Citizens Bank Announces $16 Billion Community Benefits Plan with NCRC
First Citizens Bank announced today a $16 billion community benefits plan — developed in collaboration with the National Community Reinvestment Coalition (NCRC) — that builds on its work to reinvest in low- and moderate-income (LMI) communities and neighborhoods of color.
NCRC, consumer and community groups urge FDIC to deny insurance application for Rakuten ILC
February 19th, 2021 National Community Reinvestment Coalition 740 15th St. NW Washington, DC 20005 Kathy L. Moe Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square Suite 2300 San Francisco, CA 94105-2780 RE: Comment Letter Regarding Deposit Insurance Application from Rakuten Bank America Dear Director Moe: The National Community Reinvestment Coalition (NCRC)
14 Black and Woman-Owned Brands to Support This Month
Are you looking to support Black-owned businesses? As we continue to recognize and celebrate Black History Month, we want to encourage you to support Black-owned businesses.
Civil rights, fair lending and consumer rights organizations call on the Federal Reserve to strengthen the Community Reinvestment Act
More than 100 national and local civil rights, fair lending and consumer rights organizations have urged the Federal Reserve to strengthen the Community Reinvestment Act (CRA), a key anti-redlining and civil rights law.
The National Community Reinvestment Coalition and the Stavros Niarchos Foundation Launch the SNF Small Business Growth & Recovery Fund
The National Community Reinvestment Coalition (NCRC) and the Stavros Niarchos Foundation (SNF) today announced the launch of a major new initiative, the SNF Small Business Growth & Recovery Fund.
NCRC comment on Federal Reserve Board’s Advance Notice of Proposed Rulemaking regarding the Community Reinvestment Act – February 2021
DOWNLOAD FULL COMMENT Overview and introduction Docket Number R-1723 and RIN Number 7100-AF94 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the thoughtfulness of the Federal Reserve Board’s (Board) approach to modernizing the regulations implementing the Community Reinvestment Act (CRA). NCRC is an association of community-based organizations whose mission is to
Over 100 groups call on Federal Reserve to Strengthen CRA
(Download) Docket Number R-1723 and RIN Number 7100-AF94 To Whom it May Concern: The Federal Reserve Board (Fed) must strengthen the rigor of CRA exams to promote recovery from the COVID-19 pandemic. The Fed has described approaches in its Advance Notice of Proposed Rulemaking (ANPR) on CRA that will make CRA exams more objective and
Civil Rights, Fair Lending And Consumer Rights Organizations Urge A More Race-Conscious CRA
(Download) February 16, 2021 Ann E. Misback, Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Ave. NW Washington, DC 20551 RE: Docket Number R-1723 and RIN Number 7100-AF94 Dear Ms. Misback: In its October 2020 Advance Notice of Proposed Rulemaking (ANPR), the Federal Reserve Board (FRB) invited public comment on
Illinois responds to systemic racism with 36% Rate cap
Widespread support for Illinois’ Predatory Loan Prevention Act, SB 1792, shows some good is coming after a year of violence, chaos and pandemic.
NCRC Applauds HUD Announcement to Prohibit Housing Discrimination based on Sexual Orientation, Gender Identity
Today, the U.S. Department of Housing and Urban Development (HUD) announced that it would enforce the Fair Housing Act to prohibit discrimination based on sexual orientation or gender identity. HUD made the announcement in response to the executive orders previously signed by President Biden late last month.
In memoriam: Dr. Jerome D. Williams, a giant in the fight against systemic racism
Dr. Williams was not just a leader in the academic marketing field, but a giant. For the past 30 years, he spent his career working to change the system. He was a prolific author who mentored many people, including me.
NCRC Applauds HUD Withdrawing Appeal in Fair Housing Case
HUD’s withdrawal from the Massachusetts disparate impact case is a first step to definitively end the Trump Administration’s attempt to undermine fair housing enforcement.
Member Profile: People’s Self-Help Housing
We build affordable homes with site-based services that offer opportunities to change lives and strengthen communities. People’s Self-Help Housing is the longest-serving nonprofit housing organization on California’s Central Coast.
A Black Community Plagued by a chemical spill is an early test of the Biden Administration’s Commitment to Racial Equity
This week, the National Community Reinvestment Coalition (NCRC) and the South Alabama Center for Fair Housing (SACFH) filed a request for reconsideration of the Department of Housing and Urban Development’s (HUD) determination in a fair housing complaint the two organizations submitted in 2017.
Advocates Applaud Senate Bill Fund to Help Millions of Families Keep Their Homes; Urge Inclusion in COVID Stimulus Bill
Housing and Civil Rights Groups Call for Homeowner Assistance Fund to Avoid New Wave of Foreclosures and Devastating Effects for Communities of Color
NCRC applauds Trade Groups’ Call on the OCC to Withdraw Flawed CRA Rules
This has been a bad week for the OCC’s disastrous CRA rule. First, we won our preliminary battle in federal court by demonstrating that we have standing to sue the agency. And now, the trade organizations that represent bankers have also called for the OCC to withdraw its rule.
NCRC comment on OCC scoring methodology
(Download) February 2, 2021 RE: NCRC Comments on Docket ID OCC 2020–0025, Community Reinvestment Act regulations, methodology for determining thresholds on general performance standards To Whom it May Concern: The National Community Reinvestment Coalition, an association of community-based organizations dedicated to increasing lending and investing in underserved communities, opposes the Office of the Comptroller of
Study: More evidence of inequity in access to bank services to help small businesses survive the pandemic
NCRC surveyed 938 small business owners across nine metropolitan areas from October 23, 2020, to December 29, 2020. The purpose of the survey was to determine whether small business owners explored other options, such as lease and loan modifications to save their businesses, and if so, did they access them.
Are Loan Modifications For Small Businesses a Possibility in the COVID-19 Pandemic?
More evidence of inequity in access to bank services to help small businesses survive the pandemic.
RULING: Federal Court Rejects Trump Admin’s Effort to Evade Accountability for Unlawfully Gutting Anti-Redlining Protections
“The harm caused by the Trump Administration’s unlawful evisceration of anti-redlining rules is real and urgent. We are pleased the court rejected the Trump Administration’s shameful attempt to evade accountability for gutting a crucial anti-redlining law. We will continue to press forward in our case to protect marginalized communities and return the protections of the Community Reinvestment Act from the Trump Administration’s continued unlawful grip.”
Columbus Celebrates Completion of 20 New Homes as Part of Regional Affordable Housing Initiative
The NCRC Housing Rehab Fund, LLC (NCRC HRF) announced today completion of phase one of the Franklin County affordable housing initiative designed to increase home ownership for low- and moderate-income Ohio residents.
Submit a CRA comment to the Federal Reserve
For instructions and NCRC’s sample comment letters, please visit:
www.ncrc.org/TreasureCRA
President Biden Signs Executive Order Directing HUD to Address History of Systemic Racism
I applaud President Biden for signing four executive orders today that will help advance the goal of racial equity. The order directing HUD to address the nation’s long history of systemic racism in housing is of particular importance to us. Acknowledging the federal government’s role in perpetuating segregation, including the lasting impacts of redlining, is essential to addressing America’s ever growing racial wealth divide.
