The bill, S. 3503, addresses discriminatory lending, affordable homeownership, modernization of the Community Reinvestment Act and relief for families still recovering from the Great Recession.
The organizations urged the government to build upon CRA’s successes and to strengthen it, not weaken it.
He was one of 23 national and local leaders honored for their roles in shaping a more livable, sustainable and equitable America.
Jesse Van Tol, CEO of the National Community Reinvestment Coalition, has been appointed to the Federal Reserve Board’s Community Advisory Council.
Wells Fargo triples its philanthropy in DC and launches a community advisory council to guide its giving there in a new initiative developed with NCRC.
WASHINGTON, D.C. – Today, Senator Elizabeth Warren announced a new bill tackling discriminatory lending, Community Reinvestment Act modernization, affordable homeownership and relief for families still recovering from the Great Recession. Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “Senator Warren is proposing a bold vision for addressing financial […]
WASHINGTON, D.C. – Today the House Financial Services Committee Chairman, Jeb Hensarling (R-TX), unveiled a bipartisan bill to reform the government-sponsored housing enterprises (GSEs). In a press release, Hensarling vowed to end the conservatorship of Fannie Mae and Freddie Mac by winding them down completely. Hensarling’s press statement fails to mention any efforts to tackle […]
WASHINGTON, D.C. – A new forecast projects that changes to the Community Reinvestment Act could reduce lending in lower-income communities up to $105 billion dollars in the next five years. The forecast by researchers at the National Community Reinvestment Coalition comes as the Trump administration considers ideas pushed by banks to change enforcement of the […]
WASHINGTON, D.C. – Today, The Office of the Comptroller of the Currency (OCC) released an Advanced Notice of Proposed Rulemaking to change how banks are tested for compliance with the Community Reinvestment Act (CRA). The 1977 law requires banks serve the needs of all communities in which they are chartered to do business. The OCC […]
HUD released an Advanced Notice of Proposed Rulemaking (ANPR) to reconsider HUD’s implementation of the Affirmatively Further Fair Housing (AFFH) rule.