NCRC mourns the loss of John Lewis
Thank you for your dedication and persistence. Thank you for your leadership. May you rest in power.
NCRC mourns the loss of John Lewis Read More »
Press Releases
For interviews and other media requests, contact:
Alan Pyke, Communications Director
media@ncrc.org • (202) 524-4885
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.
Despite gaping holes in government data, tests show PPP borrowers faced discrimination
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
Despite gaping holes in government data, tests show PPP borrowers faced discrimination Read More »
NCRC condemns CFPB move to gut payday loan restrictions
Today, the Consumer Financial Protection Bureau (CFPB) issued a small-dollar loan final rule that will strip away protections that had been the hallmark of the original 2017 rule.
NCRC condemns CFPB move to gut payday loan restrictions Read More »
Trump threatens to “end” an anti-segregation rule that’s already crumbling under his administration
In a tweet yesterday, President Trump threatened a vital piece of the 1968 Fair Housing Act (FHA). The 2015 Affirmatively Furthering Fair Housing (AFFH) rule finally addressed and strengthened the FHA requirement that the government do something to end housing discrimination and segregation.
FHFA proposes new regulatory capital framework for GSEs
Today, the Federal Housing Finance Agency (FHFA) published a proposed rulemaking that creates a new regulatory capital framework for Fannie Mae and Freddie Mac, known together as the government-sponsored enterprises (GSEs).
FHFA proposes new regulatory capital framework for GSEs Read More »
NCRC applauds House passage of resolution to save anti-redlining law
Today, the House of Representatives voted to pass H.J. Res 90, which disapproves of the Office of the Comptroller of the Currency’s (OCC’s) new Community Reinvestment Act (CRA) rules. If the resolution is passed into law, it would make the CRA final rule null and void.
NCRC applauds House passage of resolution to save anti-redlining law Read More »
NCRC statement on Supreme Court Consumer Financial Protection Bureau ruling
Today, the Supreme Court ruled that the Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The ruling ended what was supposed to be the director’s total independence from the president, by giving the president the authority to fire the director at will.
NCRC statement on Supreme Court Consumer Financial Protection Bureau ruling Read More »
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 »
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 »