Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
Over the last year, the division of inequality in America has been revealed through our simultaneous crises of COVID, racial injustice and economic insecurity. Low income and low-wealth households — many of which are Black American, Latino, and Native American — continue to face economic barriers in access to credit, homeownership, capital assets and other means to improve their economic situations.
Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit group that pressures banks to increase their activities in poorer neighborhoods, said he was pleased that the agency was “finally turning the page on this terrible rule.”
The National Community Reinvestment Coalition had sued the OCC over the new CRA rules and said in a statement that the decision by the bank regulators to work together on CRA was “a huge victory for NCRC and all our members and allies who challenged the 2020 rules, submitted comments and helped spread the word in the middle of a historic pandemic.”
The National Community Reinvestment Coalition and the California Reinvestment Coalition sued to block the OCC’s rules in June of last year.
“This is an awkward, disjointed and rushed move by a single agency that couldn’t get agreement from the two other agencies that regulate banks within the same administration,” Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said in a statement last year.
“Home mortgage lenders don’t use Vantage score, or even a newer version of FICO in their home mortgage lending operations,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a big disadvantage for renters who want to make that leap to homeownership.
In May, speaking at a National Community Reinvestment Coalition conference, Powell said “we will only reach our full potential when everyone can contribute to and share in the benefits of prosperity.”
According to a National Community Reinvestment Coalition study, this will increase consumer fees, reduce access to banking services for communities of color and low-income working families, and raise concerns about risks to the financial system. I am.
The Housing is Infrastructure Act of 2021 is supported by the following national groups: National Community Reinvestment Coalition
The Fed’s merger review process has other major deficiencies. Earlier this year, the Fed allowed PNC to grow to a $556 billion institution, despite a 2017 finding by bank regulators that PNC’s anti-money laundering practices were so flawed that it no longer met the standard for being “well-managed,” and despite PNC’s 2019 admission that it had lost track of certain stock holdings and fallen afoul of regulatory requirements. According to the National Community Reinvestment Coalition
Since the COVID pandemic, issues of economic inequality in the U.S. have received increasing attention in the media, along with our current national debates on race and systemic racism. Here to talk about those issues and how we can build a more just economy for all is Mr. Dedrick Asante-Muhammed of the National Community Reinvestment Coalition.
Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit group that pressures banks to increase their activities in poorer neighborhoods, said he was pleased that the agency was “finally turning the page on this terrible rule.”
In November 2020, a study was released by the National Community Reinvestment Coalition regarding Paycheck Protection Program loans that used matched-pair testing. NCRC performed past matched-pair “mystery shopper” tests in 2017, 2019, and earlier in 2020.
A report from the National Community Reinvestment Coalition shows that 13,000 bank branches closed in the U.S. between 2008 and 2020 — or 14% of all branches.
According to a report by the National Community Reinvestment Coalition, from 2017 to 2020, banks closed 4,407 branches.
