Data Disclosure Laws Lose Power If The CFPB Makes Data Hard To Use
The CFPB’s dissemination of HMDA data is a cautionary tale that must not be repeated in the dissemination of the Section 1071 data.
Community Groups Urge Tighter Rules For Bank Merger Reviews
Merger review processes have received new attention from the Biden administration, which is taking a ‘whole-of-government approach’ to reviving competition.
Banks Closed Branch Locations At An Alarming Rate As US Economy Reopened
The reopening of the US economy did not discourage banks from closing physical branch locations at an aggressive pace, new research from the National Community Reinvestment Coalition (NCRC) has found. “The banking industry is withdrawing from the most vulnerable communities in the country at an astounding clip despite the resumption of normal economic activity in
ABANDON SHIP: How Banks Closed Their Doors As US Economy Reopened
In 2022, banks continued closing branches at a breakneck pace – further impairing recovery in neglected communities.
NCRC and its Coalition Call on Regulators to Reform Bank Merger Reviews. All Mergers Must Result in Benefits for the Public
(Download) The Honorable Martin Gruenberg Acting Chair of the Board The Federal Deposit Insurance Corporation 550 17th Street, NW Washington, D.C. 20429 The Honorable Michael Hsu Acting Comptroller of the Currency Office of the Comptroller of the Currency 400 7th Street, SW Washington, D.C. 20219 The Honorable Michael Barr Vice Chair for Supervision Board of
Why We’re Breaking Up With KeyBank
The Cleveland-based mortgage lender abandoned Black America and broke its promises to community groups.
REPORT: KeyBank Promised To Improve, Then Became The Worst Major Mortgage Lender For Black Homebuyers
Among the 50 biggest mortgage lenders, KeyBank ranked last on one important metric of racial inclusion. KeyBank’s broken promises to Black America have prompted a leading economic justice organization to break ties with the bank.
Broken Promises To Black America Prompt Community Advocate To Break Ties With Bank
REDLINED: KeyBank Continues to Fail Black America Despite Its Commitments to Improve
KeyBank disregarded commitments to improve lending to Black homeowners and potential homeowners. Federal data shows KeyBank now ranks at the bottom among the 50 largest mortgage lenders in the nation in the percentage of its borrowers who are Black, live in majority-minority or LMI neighborhoods and are people of color.
NCRC And Co-Plaintiffs’ Legal Victory Means Mortgage Lenders Must Comply With More Robust Fair Lending Reporting Requirements
The change brings mortgage data reporting back into line with Congress’s intent, starting in 2023.
Long-Awaited Small Farm Loan Data Will Play Vital Role In Closing Race, Gender Divides
Examining the transformative potential of an underappreciated piece of a long-awaited small business lending regulation.
CRA Comments Review, Part 3: What Are Banks And Trade Groups Worried About – Or Embracing?
Part Three in a four-part series examining Community Reinvestment Act reform recommendations in public comment letters.
NCRC Letter to ICIC on Opportunities and Challenges in Federal Community Investment Programs
(Download) December 5, 2022 Interagency Community Investment Committee (ICIC) U.S. Department of the Treasury U.S. Small Business Administration U.S. Department of Commerce U.S. Department of Transportation U.S. Department of Housing and Urban Development U.S. Department of Agriculture Re: Notice and Request for Information on Opportunities and Challenges in Federal Community Investment Programs, 87 Fed. Reg.
CRA Comments Review, Part 2: What Do Healthcare And Climate Resiliency Advocates Want From Regulators?
Part Two in a four-part series examining Community Reinvestment Act reform recommendations in public comment letters.
CRA Comments Review, Part 1: What Are Regulators Hearing On Race And Small Business Issues In CRA Reform?
Part One of a four-part series examining trends in comment letters sent to regulators about pending Community Reinvestment Act reforms.
Investing in Culturally-Significant Businesses and Community Growth
Arts and culture are an important component of overall quality of life for every person on earth. Access to cultural resources and connections – or the lack thereof – shapes many aspects of our nation’s society. It also influences economic outcomes, as economists who study the role of “human capital” in wealth-building and opportunity creation have identified.
Video: Democratizing Wealth Building to Help Close the Racial and Gender Gap
Online Event Archive Recorded November 15, 2022 Persistent racial and gender wealth gaps remain a major obstacle to building financial security for low- and moderate-income (LMI) households in the United States. How can we ensure that the financial system, and opportunities to build wealth, are developed to meet the needs of LMI people? Income alone
NCRC Announces $40 Billion Community Benefits Plan With BMO Harris Bank
Customers and communities win $40 billion in tangible commitments from pending bank merger.
How NCRC Is Working To Bring Economic Justice To Indian Country
Federal policies aimed at promoting economic justice have long failed Native Americans. We are proud to partner with community leaders to change that.
NCRC Response to Advance Notice of Proposed Rulemaking on Trade Regulation on Surveillance and Data Security, “Commercial Surveillance, R111004.”
(Download) Office of the Secretary Federal Trade Commission 600 Pennsylvania Avenue, NW Suite CC-5610 (Annex B) Washington, DC 20580 Re: Response to Advance Notice of Proposed Rulemaking on Trade Regulation on Surveillance and Data Security, “Commercial Surveillance, R111004.” Dear Secretary: The National Community Reinvestment Coalition (NCRC) welcomes the opportunity to comment on the Federal Trade Commission’s (FTC)
NCRC Supports Nomination Of Martin Gruenberg To Head FDIC
Martin Gruenberg has the necessary judgment and experience to lead the FDIC and he deserves to be confirmed swiftly by the Senate.
Video: Generational Wealth: Credit Barriers for People with a Criminal History
Online Event Archive Recorded November 10, 2022 Nearly 1 in 3 Americans have a criminal record. Each year over 600,000 Americans are released from state or federal prisons and re-enter society. Re-entry into society poses barriers to everyone but disproportionately affects African Americans and other minorities as African Americans and Hispanics make up 56% of
Hydroponic Farming As A Solution To Systemic Food Insecurity
As many communities around the country struggle with food insecurity, hydroponic farming has been introduced as a viable solution.
How And Why CRA Reform Proposals Must Improve Access To Credit And Capital For Small Businesses
How And Why CRA Reform Proposals Must Improve Access To Credit And Capital For Small Businesses November 2022 Download Report Josh Silver, Senior Fellow In late spring of 2022, the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) proposed the most far-reaching changes to
Funding For Racial Equity: How Stronger Partnerships Can Increase the Impact of Local, Grassroot Organizations
Part One of a three-part series examining how banks are performing two years on from pledging tens of billions of dollars to advance racial equity.
Video: NCRC MicroBiz Capital Accelerator Program (MCAP) Webinar
Online Event Archive Recorded November 3, 2022 NCRC has launched a new grant and technical assistance opportunity, the MicroBiz Capital Accelerator Program (MCAP), exclusively for nonprofit, small business capital providers. This pilot program is being offered to NCRC members seeking to grow and scale the impact of their capital and other small-dollar loan programs supporting