NCRC Community Development Fund Highlights Power of Impact Investing at SXSW
SXSW attendees can meet NCRC CDF during the “Impact Investing that Actually Works” session, at their booth (#649), or during a mentorship session.
Incorporating Race into the Illinois Community Reinvestment Act
February 28, 2023 Mr. Craig Cellini Rules Coordinator Illinois Department of Financial and Professional Regulation 329 West Washington, 3rd Floor Springfield, IL 62789 Via Email: Craig.Cellini@Illinois.gov RE: NCRC’s Written Testimony for the Bank Community Reinvestment Hearing on March 2, 2023 Code Citation: 38 Ill. Adm. Code 345 Dear Mr. Cellini: The National Community Reinvestment Coalition (NCRC), an association
NCRC, University Of Michigan Receive National Institute Of Health Grant To Study Redlining and Health
The National Institute of Health (NIH) has awarded a five-year, $3 million research grant to researchers at the National Community Reinvestment Coalition (NCRC), the University of Michigan’s Institute for Social Research (ISR) and the University of Richmond to create and harmonize important data exploring the association of structural racism with health in the United States.
2023 Advocacy Week Policy Agenda for the 118th Session of Congress
2023 Advocacy Week Agenda 118th Session of Congress Photo by: ©tonktiti – stock.adobe.com Investing in a Just Economy Our 2023 Advocacy Week Agenda serves to prepare attendees of NCRC Advocacy Week to meet with their members of Congress during our Just Economy Conference. It is a call to action on four core issues, discussed in
NCRC Statement On Supreme Court’s Decision To Take Up Key CFPB Case
The CFPB’s authority should be upheld because that is “indisputably the right interpretation of the law.”
Black Cincinnati Property-Owner And National Community Reinvestment Coalition File HUD Appraisal Bias Complaint Alleging Race Discrimination By Appraiser, Lender
The complaint alleges that a Black landlord providing affordable housing in Cincinnati lost a key opportunity to refinance due to appraisal bias.
The Racial History Of Planning In Atlanta Sounds Alarm Bells For CRA Reform Efforts
From the Beltline to MARTA expansion to the 1996 Olympics, Atlanta’s community development planning history provides stark warnings for regulators.
Support the CFPB and Stop Credit Card Junk Fees
NCRC has joined with Americans for Financial Reform, the National Consumer Law Center, More Perfect Union, and numerous other organizations in a campaign in support of the Consumer Financial Protection Bureau’s new proposed rule that holds banks accountable to keep credit card late fees at $8 or less. Send a comment to support the CFPB
Environmental Justice Advocates’ Letter to HUD re Equity in Disaster Recovery (CDBG-DR)
(Download) Marion M. McFadden Principal Deputy Assistant Secretary for Community Planning and Development U.S. Department of Housing and Urban Development 451 7th St SW Washington, D.C. 20410 February 21, 2023 Re: Request for Information for HUD’s Community Development Block Grant Disaster Recovery (CDBG–DR) Rules, Waivers, and Alternative Requirements, Docket No. FR–6336–N–01 (87 Fed. Reg. 77864)
White House Rightly Reduces Unnecessary And Onerous Mortgage Insurance Costs For Lower-Wealth Homebuyers
The Biden-Harris administration’s policy change on mortgage insurance premiums (MIPs) for FHA loans reflects recommendations from NCRC.
Native Americans Struggle To Obtain Credit: A Close Analysis of Native American Mortgage Lending From 2018-2021
This data analysis of home lending patterns among Native American borrowers details just one element of the broader legacy of a genocide.
NCRC Announces Recipients For $5M Field Empowerment Fund Grant Program
The National Community Reinvestment Coalition (NCRC) has awarded Field Empowerment Fund grants to 24 community organizations.
Court’s Decision in Townstone Financial Gives A Green Light to Discriminatory Lending
A poorly reasoned court decision threatens to upend key elements of federal fair lending law, inviting lenders to discriminate against would-be borrowers.
NCRC Announces Recipients Of Grants To Scale Up Small Business Service Providers
The awardees will receive a combined $150,000 in grants to support small business development.
NCRC Announces $50 Billion Community Benefits Agreement With TD Bank
TD Bank will commit $50 billion in investments, lending, philanthropy and other services for diverse and underserved communities as it acquires First Horizon.
NCRC Submits Comments to the Appraisal Subcommittee About Tackling Discriminatory Home Appraisals in Response to its January 24th Hearing
(Download) February 8, 2023 Jim Park Executive Director Appraisal Subcommittee 1325 G Street Suite 500, NW Washington, DC 20005 appraisalbiashearing@asc.gov Dear Executive Director Park: The National Community Reinvestment Coalition appreciates the opportunity to submit written comments to the Federal Financial Institutions Examination Council’s Appraisal Subcommittee. We thank the Appraisal Subcommittee of the Federal Financial Institutions Examination
What Columbia, Maryland, Can Teach The Nation About Community, Economic Inequality And The Persistence Of Segregation
Economic justice advocates face off against huge and pervasive forces every day in working to build a better world. The enormity of that history can feel overwhelming, especially when assessing national-level data about the problems that National Community Reinvestment Coalition (NCRC) members work every day to cure. It can help to drill down to a
TAB Bank, Facilitator Of Predatory Puppy Loans, Gets Rating Downgraded By FDIC
The FDIC came to the same conclusion as consumer advocates including NCRC: TAB Bank committed unfair or deceptive acts or practices that harmed customers.
Why The Biden-Chopra Crackdown On Credit Card “Junk Fees” Is A Big Deal
Your government is about to save you a lot of money, though you might not realize it.
Preventing Bluelining: NCRC’s Comment on the Federal Reserve’s Principles for Climate-Related Risk Management
(Download) February 6, 2023 Ann E. Misback Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551 regs.comments@federalreserve.gov RE: Federal Reserve Principles for Climate-Related Financial Risk Management for Large Financial Institutions, 87 Fed. Reg. 75267 Attention: Docket No. OP-1793 The National Community Reinvestment Coalition (NCRC) appreciates the opportunity
Racial Wealth Snapshot: Immigration And The Racial Wealth Divide
There has been a steady increase in foreign-born immigrants throughout the decades. In 1980, foreign-born immigrants accounted for only 5% of the US population. According to the 2020 Current Population Survey (CPS), immigrant parents and their US-born children make up 85.7 million of the US population, or around 26% of the US population.
Columbia at 55: Creeping Segregation and Lack of Affordable Housing Threatens A Legacy of Black/White Integration
Columbia represented case study in a new era of desegregation for American housing in the 1960s. These efforts at desegregation focused on easing the division of Black and White residential neighborhoods. While there has been exponential growth of the Asian and Hispanic communities of Columbia during the past three decades, this report focuses on the economic status of the Black community since development.
Funding For Racial Equity: Creating Favorable Private Investment Terms For CDFI Lending
Part 3 in our series examining the impact of banking institutions’ racial equity commitments made in the wake of the murder of George Floyd.
CRA Comments Review, Part 4: What Did Regulators Hear From Other Policymakers?
Part Four of a four-part series examining trends in comment letters sent to regulators about pending Community Reinvestment Act reforms.
NCRC Statement On Affirmatively Furthering Fair Housing (AFFH) Rule
Housing segregation and discrimination are not bygone issues. They continue, in 2023, to severely limit opportunity and undermine economic justice nationwide.