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Press Releases

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Consumer Advocate Groups Call on FDIC to Reject Ford Credit’s ILC Charter Application

By / / Press Releases / 3 minutes of reading

Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter, the National Community Reinvestment Coalition (NCRC), the National Consumer Law Center (on behalf of its low-income clients), Americans for Financial Reform Education Fund, and the Center for Responsible Lending wrote to the Federal Deposit Insurance Corporation […]

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Call for 2023 Just Economy Conference Session Ideas

By / / Press Releases / 1 minute of reading

Add your voice and expertise to the 2023 Just Economy Conference. The conference takes place March 29-30, 2023, in Washington, DC, and is preceded by NCRC’s member-only Hill Day on March 28.  This is the national event for community, business, foundation, policy and government leaders who want a nation that not only promises but delivers

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NCRC To Regulators: Act Now To Establish A Coherent Regulatory Regime For Digital Assets

By / / Press Releases / 2 minutes of reading

Regulators should act expeditiously to protect consumers who hold digital assets, the National Community Reinvestment Coalition (NCRC) wrote to the Treasury Department in a comment filed Monday. “We are past the point of speculating that digital assets might end up hurting people someday. Consumers are being hurt now, so it is important that regulators act

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$24 Million Settlement Of Modern-Day Redlining Case In Philadelphia Shows Government Takes Lending Discrimination Seriously

By / / Press Releases / 2 minutes of reading

The National Community Reinvestment Coalition (NCRC) on Wednesday applauded a $24 million settlement to punish serious intentional discrimination and redlining in the Philadelphia area, and urged the courts to endorse disciplinary action against Berkshire-Hathaway subsidiary Trident Mortgage Company proposed by the Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB). “Lending discrimination is a

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NCRC To Regulators: Reject Bank Mergers That Do Not Show Benefits To The Public

By / / Press Releases / 2 minutes of reading

The National Community Reinvestment Coalition (NCRC) filed a comment asserting that reviews of bank mergers must place a greater emphasis on the needs of the public.  The Bank Merger Act specifically stipulates that bank mergers must benefit the public. Yet as mergers have halved the number of banks in the United States over the past

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NCRC, Columbia Bank and Umpqua Bank Complete $8.1 Billion Community Benefits Plan to Advance Economic Opportunity for Underserved Communities

By / / Press Releases / 11 minutes of reading

The National Community Reinvestment Coalition (NCRC), Columbia Bank (Columbia) and Umpqua Bank (Umpqua) announced an $8.1 billion Community Benefits Plan (Plan) that builds on both bank’s commitment to advance economic opportunity for individuals and support small business formation in historically underserved communities throughout its footprint.

NCRC, Columbia Bank and Umpqua Bank Complete $8.1 Billion Community Benefits Plan to Advance Economic Opportunity for Underserved Communities Read More »

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