diversity

BB&T, SunTrust and NCRC announce $60 billion community investment commitment for new Truist bank

BB&T Corporation (NYSE: BBT), SunTrust Banks, Inc. (NYSE:STI) and the National Community Reinvestment Coalition (NCRC) today announced the creation of a three-year, $60 billion community benefits plan for the region served by Truist Financial Corporation, the combined company to be created through the proposed merger of the two banks. The plan, based upon discussions between […]

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NCRC applauds House’s passage of Consumer First Act

Today, the U.S. House of Representatives passed the Consumer First Act, a bill introduced last fall by Rep. Maxine Waters (D-California) to protect the Consumer Financial Protection Bureau (CFPB) from efforts by the Trump administration to dismantle it. Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “We applaud […]

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New report details policy proposals to bridge the racial wealth divide

The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. A new report, “Ten Solutions to Bridge the Racial Wealth Divide,” released by the Institute for Policy Studies and Kirwan Institute for the Study of Race and Ethnicity, with the National Community Reinvestment Coalition, takes stock of the problem and offers ten bold solutions.

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NCRC looks forward to working with the new FHFA Director on affordable housing

Yesterday, the U.S. Senate confirmed Mark Calabria as the new director of the Federal Housing Finance Agency (FHFA). Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “I want to congratulate Mark Calabria on his confirmation. We have worked with him over the years. “There have been numerous announcements […]

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Community, policy, government and business leaders to speak at 2019 Just Economy Conference

Federal Reserve Board of Governors  member Lael Brainard, journalist and author Jose Antonio Vargas, and Beneficial State Bank CEO Kat Taylor will be among the featured speakers at the Just Economy Conference, March 11-13, 2019, at the Washington Hilton Hotel in Washington, D.C. The conference, hosted by the National Community Reinvestment Coalition (NCRC), is the […]

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Community, policy, government and business leaders to speak at 2019 Just Economy Conference

Federal Reserve Board of Governors  member Lael Brainard, journalist and author Jose Antonio Vargas, and Beneficial State Bank CEO Kat Taylor will be among the featured speakers at the Just Economy Conference, March 11-13, 2019, at the Washington Hilton Hotel in Washington, D.C. The conference, hosted by the National Community Reinvestment Coalition (NCRC), is the […]

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PLACE, a housing and community development network, becomes part of NCRC

WASHINGTON, D.C. – Practitioners Leveraging Assets for Community Enhancement (PLACE), a membership organization for housing and community development practitioners, is becoming part of the National Community Reinvestment Coalition (NCRC). NCRC and PLACE have agreed to integrate PLACE members and continue its activities within NCRC, as an affinity group of NCRC, rather than as a separate […]

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NCRC applauds NAR for GSEs plan

WASHINGTON, DC — Today, the National Association of Realtors (NAR) announced a new GSEs plan to convert Fannie Mae and Freddie Mac into shareholder-owned utilities with a regulated and reliable rate of return. The plan calls for supporting the affirmative obligations as directed in the Housing and Economic Recovery Act (HERA), including the Enterprise housing […]

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NCRC condemns CFPB move to gut payday loan restrictions

WASHINGTON, DC — Yesterday, the Consumer Financial Protection Bureau (CFPB) announced plans to do away with tougher payday loan restrictions that were developed during the Obama Administration but that weren’t scheduled to take effect until later this year. The new regulations would have limited the number of consecutive loans given, while also requiring lenders to […]

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Housing maze

NCRC condemns Crapo GSE plan to drop affordable housing goals

WASHINGTON, DC — Today, Senate Banking Committee Chairman Mike Crapo, R-Idaho, released a plan to significantly alter the U.S. housing finance system. The plan would eliminate the affordable housing goals, the government-sponsored enterprises’ (GSEs) Duty to Serve rule and repeal their charter obligation to facilitate the financing of affordable housing for low- and moderate-income families.  […]

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