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In the News

Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.

Morning Consult: Equity Should Be Required of the Entire Financial Sector, Not Just Banks

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.

Banker and Tradesman: OCC Drops Trump-Era CRA Reform

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.”

AOL: Rent payments could boost credit scores in a big way

“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.

U.S. House Committee on Financial Services: Waters Applauds President Biden’s Executive Order to Examine Bank Merger Practices, Urges Federal Reserve to Strengthen Merger Reviews

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

Majoring in the Majors: Building a More Just Economy: Systemic Racism and Economic Inequality

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.