San Diego Advances a Local Ordinance to Increase Bank Reinvestment in the Community

Membership Newsletter: July 2012 Edition | San Diego Advances a Local Ordinance to Increase Bank Reinvestment in the Community “America’s Finest City” is well on its way to becoming the most recent US city with a Responsible Banking Ordinance. On June 27th, San Diego decided to shine a light on banking practices and ask what financial […]

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NCRC Calls For New Leadership at the Federal Housing Finance Agency

Washington, DC — Today, in reaction to Federal Housing Finance Agency (FHFA) Acting Director Ed DeMarco’s decision not to allow Fannie Mae and Freddie Mac to use principal reduction in their loan modification programs, the National Community Reinvestment Coalition called for a change of leadership at FHFA. “DeMarco has failed in his responsibility to do […]

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Redlining in Detroit Prompts Formation of a Community Reinvestment Coalition

Membership Newsletter: July 2012 Edition | Redlining in Detroit Prompts Formation of a Community Reinvestment Coalition Over 100 NCRC members and community activists descended on the Madison Theater Building in downtown Detroit on June 6th to discuss the economic future of region and how they can play a role in ensuring its recovery. NCRC President […]

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NCRC Provides Customized Support to Help Alabama Member Expand

Membership Newsletter July 2012 | NCRC Provides Customized Support to Help Alabama Member Expand NCRC recently had an opportunity to help a new member, Alabama A&M University Community Development Corporation (AAMU CDC). AAMU CDC’s mission is to revitalize low-income neighborhoods surrounding Alabama A&M University, Meadow Hills and Edmonton Heights, with expansion to Huntsville planned. In […]

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NCRC’s Small Business Teaming Center to Hold Inaugural Event

Washington, DC — On Tuesday, July 24, the National Community Reinvestment Coalition’s Small Business Teaming Center will hold an event to introduce the procurement community to the concept of small business teaming, and give small business owners the opportunity to network. NCRC’s Small Business Teaming Center puts together teams of small businesses with complementary capabilities […]

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CFPB Action Against Capital One Confirms Issues Raised During Acquisition Challenge by NCRC

Washington, DC –  The National Community Reinvestment Coalition (NCRC) today applauded the Consumer Financial Protection Bureau for their enforcement action against Capital One. The action follows NCRC’s challenge of Capital One’s acquisition of ING Direct and HSBC’s credit card unit. NCRC argued that the company should not be allowed to become Too-Big-to-Fail given its record […]

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NCRC and ANHD Release Local Responsible Banking Ordinance Resources

Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and its member organization, the Association for Neighborhood and Housing Development (ANHD), released a set of resources to aid the advancement of local responsible banking ordinances in cities throughout the nation. Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services […]

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Responsible Banking Ordinances

Background on Local Responsible Banking Ordinances Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services for modest-income and minority neighborhoods. The ordinances require an evaluation of financial institution performance in serving modest-income and minority neighborhoods as part of the criteria for deciding which institutions receive municipal deposits and other city […]

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NCRC to Testify Before Congress on Need to Reform Appraisal Process

Washington, DC – Today, David Berenbaum, Chief Program Officer of the National Community Reinvestment Coalition (NCRC), will testify in a hearing before the Congressional Subcommittee on Insurance, Housing, and Community Opportunity. In the hearing, entitled Appraisal Oversight: The Regulatory Impact on Consumers and Businesses, NCRC will call upon Congress to enact a series of reforms […]

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