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WASHINGTON, DC — Yesterday, the Consumer Financial Protection Bureau (CFPB) announced plans to do away with tougher payday loan restrictions that were developed during the Obama Administration but that weren’t scheduled to take effect until later this year. The new regulations would have limited the number of consecutive loans given, while also requiring lenders to […]
NCRC condemns CFPB move to gut payday loan restrictions Read More »
WASHINGTON, DC — Today, Senate Banking Committee Chairman Mike Crapo, R-Idaho, released a plan to significantly alter the U.S. housing finance system. The plan would eliminate the affordable housing goals, the government-sponsored enterprises’ (GSEs) Duty to Serve rule and repeal their charter obligation to facilitate the financing of affordable housing for low- and moderate-income families.
NCRC condemns Crapo GSE plan to drop affordable housing goals Read More »
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.
National and local organizations unify behind a strong Community Reinvestment Act Read More »
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.
Jesse Van Tol named to Federal Reserve Community Advisory Council Read More »
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
Senator Warren proposes new vision for affordable housing and economic opportunity Read More »
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
It’s time to end GSE conservatorship, but not their affordability goals. Read More »
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.
HUD launches effort to replace Obama-era rule to end housing segregation Read More »
Today the U.S. Department of Treasury released a roadmap for regulating financial technology, defining this administration’s policy approach towards the rapidly growing industry.
Treasury questions financial inclusion for the fintech industry Read More »
The recommendation to abolish affordable housing goals would be disastrous for young Americans and the working class.
HUD appears to be thinking about how to create loopholes to avoid findings of disparate impact, a standard that says discrimination, regardless of intent, is illegal.
The Trump administration reconsiders the disparate impact rule Read More »
