Letter to the House of Representatives: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities

The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”.  The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly.  The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

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Letter to the Senate: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities

The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”.  The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly.  The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

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NCRC analysis of CRA Treasury report

The Department of Treasury released its long anticipated memorandum recommending changes and updates to the Community Reinvestment Act (CRA) in early April. Spring is a season of renewal and CRA is a law that indeed needs refreshing and updating. Passed in 1977, it imposes an affirmative obligation on banks to serve the needs of local communities. The statute directs federal bank agencies to examine and rate banks on their lending and service in low- and moderate-income communities.

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NCRC celebrates the 50th anniversary of the Fair Housing Act

Today, we celebrate the 50th anniversary of the passing of the Fair Housing Act, considered the largest civil rights victory in history, and passed seven days after the assassination of Rev. Dr. Martin Luther King in memoriam of his life’s work. In commemoration, leaders from the National Community Reinvestment Coalition made the following statements. 

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NCRC promotes top executives Taylor and Van Tol, and adds a political unit

NCRC’s longtime leader, John Taylor, was promoted to President & Founder. Jesse Van Tol, who started as an assistant to Taylor in 2006 and most recently was Chief Operating Officer, was named the organization’s CEO. They will co-lead NCRC to expand opportunities for affordable housing, economic development in low- and moderate-income communities and fairness in financial services.

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Reverend Jesse Jackson, Senator Cory Booker, Senator Jeff Merkley, Representative Keith Ellison, and over 1000 community leaders address discrimination and inequality at the Just Economy Conference

The 2018 Just Economy Conference will take place April 9-11 at the Washington Hilton, in Washington, DC. This is the national event for economic justice leaders, policy-makers, journalists, academics and entrepreneurs concerned about fairness in the nation’s housing and banking systems. The conference is organized by the National Community Reinvestment Coalition.  

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Letter to the Senate: Section 104 of S. 2155 undermines fair lending oversight & investment in underserved communities

The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”.  The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly.  The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

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