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NCRC and New York Community Bancorp announce $28 billion community Benefits agreement to support communities of color, small businesses, and ongoing commitment to responsible multi-family lending

New York Community Bancorp, Inc. (NYCB) and the National Community Reinvestment Coalition (NCRC) announced today the company’s commitment to provide $28 billion in loans, investments and other financial support to communities and people of color, low- and moderate-income (LMI) families and communities, and small businesses.

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Group letter on CFPB’s RFI on HMDA

(Download) January 21, 2022 RE: Request for Public Comment, HMDA Assessment, Docket No. CFPB-2021-0018 To Whom It May Concern: The 54 undersigned organizations extol the value of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by the Consumer Financial Protection Bureau (CFPB). The Dodd-Frank Wall Street

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NCRC Submits Letter to FDIC, OCC, Federal Reserve Supporting FDIC’s action to review bank merger approval framework

The National Community Reinvestment Coalition (NCRC) today submitted a letter to the Federal Deposit Insurance Corporation (FDIC) to express support from its members to introduce a Request for Comments to review the agency’s bank merger approval framework, and called on the Office of the Comptroller of the Currency and the Federal Reserve Board to do the same.

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Report: Low- and moderate-income families and many people of color continue to be excluded from the mortgage market

While 2020 was disastrous for millions of Americans impacted by the coronavirus, the mortgage industry was in overdrive as interest rates dropped to levels not seen since the housing crash of 2009.  In a new report, the National Community Reinvestment Coalition (NCRC) found that the explosion of refinance lending reinforced historical patterns of disinvestment in

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NCRC submits comment to the CFPB on Section 1071 Proposed Rule

The National Community Reinvestment Coalition (NCRC) submitted this week a detailed comment to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

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NCRC Comment on Proposed Section 1071 Small Business Lending Data Collection

(Download full comment) Introduction January 4, 2022 RE: Docket No. CFPB-2021-0015, Section 1071 Small Business Lending Data Collection To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the proposed rule for reporting and disseminating small business loan data required by Section 1071 of the Dodd Frank Wall

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NCRC Comment on NY State amendment to CRA concerning small business lending data

(Download) December 22, 2021 Comment regarding proposed amendment to 3 NYCRR 76 compliance with Community Reinvestment Act Requirements To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of 600 community organizations dedicated to increasing access to credit and capital for traditionally underserved communities, commends New York State for amending its banking

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NCRC Calls on CFPB to Prioritize Needs of Consumers and Small Businesses Above Big Tech

(Download) December 21, 2021 Rohit Chopra Director Consumer Financial Protection Bureau 1700 “G” St. NW Washington, DC 20552 Docket No. CFPB-2021-0017: Notice and Request for Comment Regarding the CFPB’s Inquiry into Big Tech Payment Platforms Dear Director Chopra: The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that work

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NCRC’s comment on the Illinois Advanced Notice of Proposed Rulemaking concerning the Illinois Community Reinvestment Act.

(Download) December 20, 2021 Illinois Department of Financial and Professional Regulation Attn: Craig Cellini 320 West Washington, 3rd Floor Springfield, IL 62786 Comments on Advanced Notice of Proposed Rulemaking (ANPR) regarding Illinois Community Reinvestment Act (Public Act 101-657, codified at 205 ILCS 735) Dear Mr. Cellini: The National Community Reinvestment Coalition (NCRC), an association of

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Small business Loan Image

mystery shopper tests show continuing racial discrimination in small business lending at banks, made worse by a dash of socioeconomic bias

To better understand the interconnectedness between race and SES within the small business lending arena, the National Community Reinvestment Coalition (NCRC), in conjunction with our academic partners – Dr. Sterling Bone (Utah State University), Dr. Maura Scott (Florida State University) and Dr. Glenn Chrisitinsan (Brigham Young University) – conducted matched-pair testing at financial institutions in the Washington, DC, metropolitan area between November and December 2020.

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    Redlining and Neighborhood Health

    Before the pandemic devastated minority communities, banks and government officials starved them of capital.

    Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

    The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

    Table of Content

    • Executive Summary
    • Introduction
    • Redlining, the HOLC Maps and Segregation
    • Segregation, Public Health and COVID-19
    • Methods
    • Results
    • Discussion
    • Conclusion and Policy Recommendations
    • Citations
    • Appendix

    Complete the form to download the full report: