Senate Confirms Janet Yellen as Treasury Secretary
The confirmation of Janet Yellen is an important first step on the road to economic recovery.
Senate Confirms Janet Yellen as Treasury Secretary Read More »
Press Releases
For interviews and other media requests, contact: media@ncrc.org
NCRC executive Jenn Jones appointed chief of staff at HUD
Jenn Jones, Chief of Membership and Policy at the National Community Reinvestment Coalition, today was appointed Chief of Staff at the U.S. Department of Housing and Urban Development (HUD).
NCRC executive Jenn Jones appointed chief of staff at HUD Read More »
GROWTH by NCRC and Greenlining Realty USA Celebrate Completion of Nine Housing Units in West Woodlawn
Woodlawn Pointe Project in South Chicago’s Historical Neighborhood Designed to Help Reverse Long-Term Impacts of Discriminatory Redlining Practices
An astonishing web of laws and policies will need to be revised to set the nation on the right course
Congratulations to President Joe Biden and to Kamala Harris, who today achieved many firsts as Vice President of the United States: Black, South Asian, woman and mom.
GROWTH by NCRC AND Benedict-Allen Community Development Corporation Announce the Completion of Eight New Affordable Homes
The NCRC Housing Rehab Fund (GROWTH) and the Benedict-Allen Community Development Corporation today announced the completion of eight new affordable homes north of the Benedict College campus in downtown Columbia, South Carolina.
NCRC Recommends New Way to Establish CRA Assessment Areas for Branchless Banks
By using a different metric – loans per one thousand people – the National Community Reinvestment Coalition (NCRC) in a recent paper was able to identify smaller states and metropolitan areas that are underserved by traditional banks but are better served by branchless banks.
NCRC Recommends New Way to Establish CRA Assessment Areas for Branchless Banks Read More »
NCRC launches $5 million Field Empowerment Fund to support nonprofits and CDFIs that promote wealth in traditionally underserved communities
Today, the National Community Reinvestment Coalition (NCRC) announced a new $5 million grant program funded by Morgan Stanley to help its member organizations recover and rebuild from the coronavirus pandemic.Â
NCRC applauds the announcement of Rohit Chopra to head Consumer Financial Protection Bureau
“Rohit Chopra will be a champion for fair lending and a renewed commitment to ending abusive practices in the financial market,” said NCRC CEO Jesse Van Tol.
Pandemic stimulus a necessary stopgap, but more work needs to be done for a just recovery
The package represents a down payment for a just recovery that will prevent evictions, protect small businesses and provide additional direct payments to millions of families facing continued financial distress as a result of this global pandemic and economic crisis. The package also provides additional funding for Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), lenders who can put capital to work in low-income communities and communities of color when and where they need it most.
Flawed FDIC Industrial Loan Charter final rule will undermine CRA, allow lenders to evade state consumer protections
This week, the Federal Deposit Insurance Corporation (FDIC) announced a final rule on industrial banks and industrial loan companies (ILCs), allowing nonbank parent companies to apply for and receive ILC charters, enabling these lenders to make loans across the country with narrow and insufficient community reinvestment obligations.
NCRC urges CFPB to move forward with critical small business lending transparency effort
Yesterday, the National Community Reinvestment Coalition (NCRC) and 49 other community organizations responded to a Consumer Financial Protection Bureau (CFPB) proposal to move forward with a ten-year old requirement to collect application and approval data on loans made to small businesses — an important first step to preventing discrimination in loans made to woman-owned businesses and businesses owned by people of color.
Bank branch closures continue at alarming pace
There was a 5.13% loss of bank branches across the United States from 2017 through the third quarter of 2020, a new analysis found.Â
Bank branch closures continue at alarming pace Read More »
PPP data shows loans flowed mostly to businesses in wealthy White communities
The government’s flawed COVID relief program underscored the need for equity in small business financing, and for stronger enforcement of fair lending laws.
PPP data shows loans flowed mostly to businesses in wealthy White communities Read More »
NCRC statement on OCC’s Proposed CRA Thresholds
Yesterday, the Office of the Comptroller of the Currency (OCC) released a proposed rule for establishing the Community Reinvestment Act (CRA) evaluation measure thresholds, retail lending distribution test thresholds, and community development minimums under the general performance standards set forth in the agency’s 2020 final rule.
NCRC statement on OCC’s Proposed CRA Thresholds Read More »
Home lending data reveals discrepancies in Latino mortgage lending
Latino borrowers paid substantially higher closing costs and interest rates for home purchase loans compared to non-Hispanic White borrowers, according to a new report from the National Community Reinvestment Coalition (NCRC) and UnidosUS.
Home lending data reveals discrepancies in Latino mortgage lending Read More »