Data is the sunlight that makes possible the fight against discrimination. The Consumer Financial Protection Bureau (CFPB), however, is considering changing its method of disseminating loan data that would make it less readily available to the public and significantly hamper our collective ability to root out unfair and discriminatory practices.
A grassroots movement took hold in Downtown Silver Spring, Maryland, over 10 years ago with the sole purpose of creating an economically, racially and culturally diverse “suburban” town center. This community continues to emerge “as the place to be” for people at all income levels. In December 2001, Downtown Silver Spring successfully earned its Arts […]
As we all work to further develop our local neighborhoods, we must ensure that the long-term residents and businesses of rising communities can afford to live and enjoy the benefits of our work to create a #JustEconomy. This session will go over strategies to prevent displacement that have been successfully used by groups around the […]
In 2018, NCRC and hundreds of its members led a nationwide campaign called #TreasureCRA, urging the administration and the federal bank agencies to strengthen the Community Reinvestment Act (CRA). We still have big questions about the changes needed to keep pace with technology and the transforming financial industry. We will have a lively discussion among […]
Poverty is an overwhelming risk factor for poor mental health. Healthy communities often focus on the connection between physical health and place. Far fewer have connected place to mental, emotional and behavioral well-being. Local efforts from Oakland to Baltimore illustrate the community-wide health equity benefits of cross-sector partnerships – such as trauma-informed systems, reduction of […]
Recent deregulation has caused a return of predatory products flooding the marketplace, including NINJA financing and auto, payday and PACE loans with exorbitant pricing. These products continue to be problematic for borrowers and prey on LMI and communities of color. We will explore how these products can continue to be prevalent 10 years after the […]
By 2021, the most popular and widely-used interest-rate benchmark, the London Interbank Offered Rate (LIBOR), will no longer exist as a benchmark for the $2 trillion in outstanding loans in the United States. In its place will most likely be the Secured Overnight Financing Rate (SOFR), which is broadly considered to be more robust and realistic than LIBOR. Nearly every borrower in the country that is paying off debt that is set based on the LIBOR will be affected by this change.
Introduction As the federal bank agencies consider Community Reinvestment Act (CRA) reform, data on the patterns of lending to low- and moderate-income (LMI) borrowers and neighborhoods will help inform needed changes. For example, if non-banks not covered by CRA were found to be making significantly higher percentages of loans to LMI borrowers or neighborhoods than […]
The National Community Reinvestment Coalition has hired Sabrina Terry at the new director of Strategic Partnerships and Initiatives.
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.
Eleni Delimpaltadaki Janis was recently named Chief Capital Markets Officer and Managing Director.
The primarily African American Jackson Ward neighborhood in Richmond, Virginia, has been swiftly gentrified. While some historical aspects have been forgotten, other areas have seen promising improvements. Overall, the changes to this community have been a mixed bag as some community members have benefited from the changes to home wealth, while others have been forced out.
The Community Reinvestment Act: Assessing the Law’s Impact on Discrimination and Redlining Table of Contents Introduction: Public input and accountability are the keys to CRA’s successCRA needs an update, but care must be taken to keep exams focused on underserved and local communitiesResearch and data demonstrate CRA’s success in combating redlining Legislative and regulatory […]
There is a little known public database of complaints about financial institutions that is garnering a lot of criticism from some banks and regulators. Despite this criticism, highly valuable information can be gleaned from these complaints that can help banks and other financial institutions better serve their customers. In 2010, when the Dodd-Frank Wall Street […]
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 […]
Hospital systems, like banks and financial institutions, must invest in communities. With strong motivation from the Affordable Care Act, more hospital systems are collaborating successfully with community-based organizations to make long-lasting progress towards health equity. This session dives into the ways community groups can partner, conduct assessments, build community support and launch task forces to […]
This session will give an overview of how California State Senate Bill 1235 was introduced (including brief Small Business Borrowers’ Bill of Rights (BBoR) history) and detail the process by which its supporters were able to get the bill passed. SB 1235 represents the first-ever Truth In Lending Act (TILA) disclosure for small-business financing in […]
RIN 3064-ZA03 March 29, 2019 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to respond to the FDIC’s request for information regarding the application process for deposit insurance. As a coalition of 600 community-based organizations, NCRC believes that a clear and transparent process for deposit insurance applications is critical […]
We are concerned that the fundamental restructuring of the housing finance system will set in motion further limits on those who have access to the system today.