Mortgage data reveals disparities in same-sex lending
Same-sex couples paid higher interest rates and closing fees on home loans, a new analysis found.
Mortgage data reveals disparities in same-sex lending Read More »
Press Releases
For interviews and other media requests, contact: media@ncrc.org
Community Reinvestment Groups Sue Trump Administration For Unlawfully Gutting Anti-Redlining Rules
Today, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, filed suit against the Office of the Comptroller of the Currency (OCC) for unlawfully eviscerating the vital anti-redlining rules put in place under the Community Reinvestment Act (CRA).
The CFPB’s Revisions to the Qualified Mortgage Rules (the “GSE Patch”)
A price-based alternative, combined with existing statutory provisions and the additional regulatory safeguards outlined in the CFPB’s proposed rule, has the potential to improve access for LMI and minority borrowers, but it is critical to consider this proposal within the context of other federal policy changes affecting the nation’s housing finance system and the broader impacts of COVID-19 on LMI households and credit standards throughout the mortgage market.
The CFPB’s Revisions to the Qualified Mortgage Rules (the “GSE Patch”) Read More »
NCRC Hires Brad Blower as New General Counsel
The National Community Reinvestment Coalition (NCRC) has added a new General Counsel.
NCRC Hires Brad Blower as New General Counsel Read More »
NCRC, First Merchants Bank Announce $1.4 Billion Community Benefits Plan
Five-year reinvestment plan directs resources to underserved communities.
NCRC, First Merchants Bank Announce $1.4 Billion Community Benefits Plan Read More »
Study: Before COVID-19, a small number of booming cities struggled with gentrification. The rest simply struggled.
San Francisco was the most intensely gentrified city in America from 2013 to 2017, a new study found. But the emergence of COVID-19 exposed deep economic and social fault lines nationwide. While a small number of cities were booming, most were not.
NCRC supports House resolution to overturn new CRA rules
House Financial Services Committee Chair Rep. Maxine Waters (D-CA) and Rep. Gregory Meeks (D-NY), also a member of the Financial Services Committee, introduced yesterday a Congressional Review Act resolution to overturn the Community Reinvestment Act (CRA) rules finalized this month by the Office of the Comptroller of the Currency (OCC).
NCRC supports House resolution to overturn new CRA rules Read More »
NCRC Statement on New PPP Flexibility Act
This week, the Senate passed the Payment Protection Program (PPP) Flexibility Act, already passed by the House in May, sending the bill to the president, who is expected to sign it into law. While the act makes necessary improvements to the PPP, more needs to be done to ensure money is going to minority and women-owned businesses and the smallest small businesses.
NCRC Statement on New PPP Flexibility Act Read More »
NCRC Hires Kathryn Orr as New Director of Entrepreneurship
The National Community Reinvestment Coalition (NCRC) has added its first Director of Entrepreneurship.
NCRC Hires Kathryn Orr as New Director of Entrepreneurship Read More »
NCRC Hires Adam Rust as New Senior Policy Advisor on Digital Banking, Consumer Lending
The National Community Reinvestment Coalition has added a new senior policy advisor to its Membership and Policy team.
NCRC Hires Adam Rust as New Senior Policy Advisor on Digital Banking, Consumer Lending Read More »
Joint Statement On CRA Rule Changes From OCC
A group of 18 civil rights, consumer protection and industry leaders issued the following joint statement: Today, the Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Reserve Board decided not to join the proposed rule and has offered alternative approaches. The
Joint Statement On CRA Rule Changes From OCC Read More »
Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court”
The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA).
Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court” Read More »
OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve
The Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Deposit Insurance Corporation (FDIC) had previously joined the OCC in the rule-making effort, but it did not join in the final rule released today.
OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve Read More »
New HMDA Data Reveals Racial Disparities in Older Adult Lending
NCRC’s new report, Mortgages and Older Adults After COVID-19, used this new information to highlight trends in homebuying, aging in place and use of home equity.
New HMDA Data Reveals Racial Disparities in Older Adult Lending Read More »
Senate Banking Committee Highlights CRA in Oversight Hearing of Federal Banking Regulators
Members of the Senate Banking Committee today questioned why, in the middle of the COVID-19 crisis, bank regulators are moving forward with proposed changes to the Community Reinvestment Act (CRA) that would cripple COVID-19 recovery efforts in low- and moderate-income communities and communities of color.