Study: Proposed Rule Changes to CRA Could Encourage Neglect of Entire Markets By Big Banks
Proposed rule changes to the Community Reinvestment Act (CRA) could encourage the neglect of entire markets by the largest banks, a new study found.
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National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19
A diverse coalition of community-based organizations called on the OCC and the FDIC to immediately suspend the comment period for the proposed changes to CRA until after the health and financial crisis brought on by the coronavirus global pandemic is over.
National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19 Read More »
NCRC Applauds Federal Reserve, FDIC, OCC Efforts to Expand CRA Credit for Activities in Response to COVID-19
Today, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement providing guidance to financial institutions on how they can receive credit on their Community Reinvestment Act (CRA) activities to low- and moderate-income people and communities affected by the coronavirus.
NCRC Applauds Congress and Trump Administration Efforts to Keep People in Their Homes, But More Needs to Be Done
“Today, we saw Congress and President Trump take important steps to protect Americans against both health and economic repercussions of COVID-19….this is a great first step, but there will need to be others,” said Jesse Van Tol, CEO of NCRC.
NCRC Supports COVID-19 Housing And Financial Protections For Individuals and Small Businesses
The coronavirus is quickly spreading across America, raising concerns that aren’t only health related. While the full economic implications of the disease are still unknown, what we do know is that the people who will face the biggest financial impacts of COVID-19 are the same people who are already financially strapped.
Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities
Nearly all banks that earned passing marks under current rules would be able to reduce their mortgage lending to low- and moderate-income (LMI) borrowers and communities under new rules proposed for the Community Reinvestment Act (CRA), a new study found.
NCRC Applauds Federal Reserve’s Release of CRA Data
“We applaud the Federal Reserve’s release of CRA data. They are practicing transparency and we look forward to fully analyzing the data. We’re also curious what it may reveal or imply about the OCC and FDIC proposal. The OCC and FDIC have failed to release data they referenced in their rule proposal,” said Jesse Van Tol, CEO of NCRC.
NCRC Applauds Federal Reserve’s Release of CRA Data Read More »
NCRC applauds Court-Ordered Implementation for Section 1071 of the Dodd-Frank Act
The Consumer Financial Protection Bureau (CFPB) filed a settlement agreement with the U.S. District Court for the Northern District of California that outlines court-ordered deadlines for implementation of Section 1071 of the Dodd-Frank Act.
NCRC applauds Court-Ordered Implementation for Section 1071 of the Dodd-Frank Act Read More »
OCC, FDIC Makes Prudent Choice With Extension of CRA Comment Period
“Although the OCC and FDIC did not extend the comment period the additional 60 days that NCRC, our members and members of Congress called for several weeks ago, the agencies still made a prudent choice with a 30-day extension,” said Jesse Van Tol, NCRC CEO.
OCC, FDIC Makes Prudent Choice With Extension of CRA Comment Period Read More »
Trump’s Annual Budget Proposal Bad for Economic Justice
Today, the Trump Administration released its FY 2021 budget proposal, which would either eliminate or drastically reduce funding for numerous federal housing and community development programs that help lower-income families climb into the middle class.
Trump’s Annual Budget Proposal Bad for Economic Justice Read More »
Community Leaders Speak Up Against Proposed Changes to CRA
“We know our community leaders are extremely well-informed and understand both the dangers of the proposed rule changes and also the vagueness of some of the most important details,” said Jesse Van Tol, NCRC’s CEO.
Community Leaders Speak Up Against Proposed Changes to CRA Read More »
Call for nominations: Who are the new leaders of change for a just economy?
New awards program at the Just Economy Conference will recognize young economic and social justice leaders.
Call for nominations: Who are the new leaders of change for a just economy? Read More »
NCRC’s Policy Director Testifies Before House on Disastrous CRA Reform Proposal
The Trump Administration’s banking regulators released a plan in December to upend the Community Reinvestment Act (CRA). Although released under the guise of being a modernization of the monumental civil rights legislation, Comptroller of the Currency Joseph Otting’s plan is a complete rewrite of the law.
NCRC’s Policy Director Testifies Before House on Disastrous CRA Reform Proposal Read More »
NCRC Submits FOIA Request for Missing Data in CRA Proposed Rule
Today, the National Community Reinvestment Coalition (NCRC) submitted a Freedom of Information Act (FOIA) request to the Office of the Comptroller of the Currency (OCC) for records related to the agency’s plan to revise Community Reinvestment Act (CRA) rules.
NCRC Submits FOIA Request for Missing Data in CRA Proposed Rule Read More »
NCRC CEO Jesse Van Tol Statement on Affirmatively Furthering Fair Housing Notice of Proposed Rulemaking
Today, the U.S. Department of Housing and Urban Development released a notice of proposed rulemaking (NPRM) for changes to the Affirmatively Furthering Fair Housing (AFFH) rule. While the National Community Reinvestment Coalition (NCRC) is currently analyzing the NPRM, preliminary assessments are concerning. Jesse Van Tol, CEO of NCRC, made the following statement: buy abilify online