The National Community Reinvestment Coalition (NCRC) and the St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) have urged the Federal Deposit Insurance Corporation (FDIC) to require Edward Jones Bank to meet Community Reinvestment Act (CRA) assessment requirements in the St. Louis area.
LFA quickly recognized the adverse consequences of COVID-19 and determined that they would need to be a reliable source of information for small businesses and policymakers.
CDFIs and MDIs, like HOPE, were able to utilize their strengths to cater to the financial needs of small businesses in distressed communities.
The Center for Responsible Lending, National Consumer Law Center, and National Community Reinvestment Coalition filed an amicus brief today in Lacewell v. Office of the Comptroller of the Currency (OCC), in support of the plaintiff, the New York State Department of Financial Services (DFS), against the OCC’s plan to issue “special purpose national bank” charters to nonbank lenders.
Membership Engagement Specialist email@example.com 202.464.2712 Magdalena Mysliwiec is NCRC’s Membership Engagement Specialist, joining in 2020. Magdalena will grow NCRC’s membership program and support its members in expanding ways to meet member goals in the context of NCRC’s mission to create opportunities for people to build wealth. Magdalena has her Master of City and Regional Planning
NCRC, Local Groups and City of Toledo Sue CFPB to Overturn Rule That Undermines Detection of Discrimination in Mortgage Lending
By Raising Reporting Thresholds, CFPB Rule Blocks Access to Data That is Critical to Uncovering Housing Discrimination
Letter to Congress: Letter from over 50 groups in support of mortgage relief in next covid-19 relief package
July 28, 2020 Majority Leader Mitch McConnell United States Senate Washington, DC 20510 Minority Leader Chuck Schumer United States Senate Washington, DC 20510 Chairman Mike Crapo Senate Committee on Banking, Housing and Urban Development Washington, DC 20510 Ranking Member Sherrod Brown Senate Committee on Banking, Housing and Urban Development Washington, DC 20510 Re: Support for
For many universities and their students, COVID-19 created new problems and exacerbated existing vulnerabilities.
Leading Civil Rights & Housing Groups Condemn President’s Effort to Gut Fair Housing, Use of Incendiary Racial Rhetoric for Political Gain
Fair housing advocates denounce Trump’s newest effort to eliminate a critical tool to desegregate communities and call on the president to instead concentrate on ensuring housing equity during a pandemic.
Today, President Trump replaced the 2015 Affirmatively Furthering Fair Housing (AFFH) rule with a much weaker one, and without any public comment process, despite the Department of Housing and Urban Development’s (HUD) proposed rule change filed in January.
NCRC Proposal for Underserved Tracts Would Increase Lending in Communities of Color by Billions of Dollars
Executive Summary NCRC proposes to add underserved census tracts as a criterion on component tests on CRA exams. NCRC identifies underserved tracts as those that receive low levels of lending per housing units and small businesses. A significant portion of these tracts are predominantly minority. NCRC estimated that adding these tracts on CRA exams would
Immigrants play a central role in the U.S. economy, especially as essential workers and workers in industries hardest hit by the pandemic’s economic impact.
For African Americans to own a share of the wealth proportionate to their 13% of the population, they’d require another $10 trillion of wealth.
Today, the Office of the Comptroller of the Currency (OCC) announced a proposed rule on the true lender doctrine. Under the proposal, a bank is considered to be the “true lender” if it is named as the lender or if it funds the loan.
Civil Rights Groups Commend Top Mortgage Lenders and Industry Leaders for Urging HUD to Reconsider Disparate Impact Rule
NCRC and other civil rights organizations also renew their push for HUD to cancel its plan to weaken the Disparate Impact rule.
An NCRC study that used testers who talked directly with banks about loans to help their small businesses stay open during the coronavirus pandemic found that White applicants were treated better than Black applicants
The SBA didn’t require demographic data and most PPP applications didn’t include it.
In the coming weeks, we expect the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to propose a rule for the “true lender” doctrine, an act that will have a negative impact on the ability of states to protect their residents from high-cost lending.
Local businesses are devastated and state agencies overwhelmed as people stay at home to preserve their health and apply for government assistance to maintain financial solvency. An unexpected side effect of this was a simultaneous increase in consumer complaints filed with the Consumer Finance Protection Bureau (CFPB).
A new approach to bank ratings would generate billions more for neighborhoods reeling from the pandemic
This white paper describes NCRC’s suggested rating system and discusses our forecasts of increased dollars for LMI neighborhoods.