NCRC Director of Policy and Government Affairs Testifies in Front of House Financial Services Subcommittee on Consumer Protection and Financial Institutions About Winners and Losers in Proposed CRA Changes

Good afternoon Chairman Meeks, Ranking Member Luetkemeyer and the Members of the House Subcommittee on Consumer Protection and Financial Institutions. Thank you for the opportunity to testify and for convening this important hearing on the Community Reinvestment Act (CRA) to discuss the winners and the losers in the proposed rulemaking formally published last week by

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Adding Underserved Census Tracts as Criterion on CRA exams

(Download) Introduction The Community Reinvestment Act (CRA) is an income-based law. Accordingly, the regulations and exams focus on evaluating bank lending, investing and services to low- and moderate-income (LMI) borrowers and tracts. However, one of the major motivations prompting the passage of CRA in 1977 was reversing redlining and disinvestment from minority as well as

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Comment Period for CRA notice of proposed rulemaking now open

Today is the day, the clock is ticking, and we’ve got to mobilize everyone we know who cares about the economic health, wealth and justice in America’s communities. The government published today and opened up for public comments a plan to radically change and diminish the impact of the Community Reinvestment Act (CRA). Let’s make no

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NCRC CEO Jesse Van Tol Statement on Affirmatively Furthering Fair Housing Notice of Proposed Rulemaking

Today, the U.S. Department of Housing and Urban Development released a notice of proposed rulemaking (NPRM) for changes to the Affirmatively Furthering Fair Housing (AFFH) rule. While the National Community Reinvestment Coalition (NCRC) is currently analyzing the NPRM, preliminary assessments are concerning. Jesse Van Tol, CEO of NCRC, made the following statement: “This proposal doesn’t

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NCRC’s Letter to House and Senate Appropriations Committees on Housing Counseling Budget Needs

(Download) December 13, 2019 The Honarable Nita Lowey 2365 Rayburn House Office Building Washington, DC 20005 The Honorable Kay Granger 1026 Longworth House Office Building Washington, DC 20005 The Honorable Richard Shelby 304 Russell Senate Office Building Washington, DC 20005 The Honorable Patrick Leahy 437 Russell Senate Office Building Washington DC 20005 Dear Chairs and Ranking

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Initial NCRC Analysis of the FDIC and OCC Notice of Proposed Rulemaking Concerning the Community Reinvestment Act

In December 2019, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPRM) that would considerably weaken the regulations implementing the Community Reinvestment Act (CRA), a law designed to combat redlining by requiring banks to affirmatively and continually meet community needs for

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Summary Fact Sheet on the OCC and FDIC CRA Proposed Rule

In the words of dissenting Federal Deposit Insurance Corporation (FDIC) Board member Martin Gruenberg, the FDIC and the Office of the Comptroller of the Currency’s (OCC) Notice of Proposed Rulemaking (NPRM) on the Community Reinvestment Act (CRA) “is a deeply misconceived proposal that would fundamentally undermine and weaken the Community Reinvestment Act.” The agencies would

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NCRC Letter to CFPB Director Requesting Significant Improvement in the Public Dissemination of HMDA Data

December 9, 2019 Ms. Kathy Kraninger Director Consumer Financial Protection Bureau 1700 G. St. NW Washington DC, 20552 Dear Director Kraninger: Widely available and accessible Home Mortgage Disclosure Act (HMDA) data has been instrumental to achieving the statutory purpose of HMDA of assessing whether lending institutions are serving the housing and credit needs of communities.

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NCRC CEO Jesse Van Tol statement on FDIC, OCC Notice of Proposed Rulemaking for Community Reinvestment Act

Today, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released a notice of proposed rulemaking (NPRM) for changes to the Community Reinvestment Act (CRA). While the National Community Reinvestment Coalition (NCRC) is currently analyzing the NPRM, preliminary assessments are concerning. Jesse Van Tol, CEO of NCRC, made

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How to Evaluate Community Development Financing and Services Under CRA

In anticipation of the reform proposals to the Community Reinvestment Act (CRA) expected this week, I am continuing the review of performance measures on CRA exams. The most recent blog looked at performance measures on the lending test. This one will scrutinize performance measures on the investment and service test. 

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NCRC’s comment on reporting of data on loans to small businesses and farms

(Download) December 9, 2019 RE: Docket ID OCC-2019-0021, Loans to Small Businesses and Small Farms To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations that promote access to basic banking services, affordable housing, entrepreneurship, job creation and vibrant communities for America’s working families, suggests that

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ISSUE BRIEF: FinTech and Older Adults

Introduction Fintech, or “financial technology,” is an industry on the rise to assist in personal financial management and documentation in order to increase monetary security and reduce fraud and exploitation. The fintech industry utilizes specialized software and algorithms on electronic devices, such as computers and mobile phones, to detect unusual spending activity. This fairly new

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