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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.

The Washington Post: Congress Can Pass Reparations Now To Fix This 150-Year-Old Injustice

The Washington Post, February 22, 2024, Congress Can Pass Reparations Now To Fix This 150-Year-Old Injustice Jesse Van Tol is president and CEO of the National Community Reinvestment Coalition, an organization promoting racial economic justice policy. Should the US government pay reparations for slavery? That question dominates the long-running discussion about righting centuries of wrongs committed […]

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The American Prospect: Capital One–Discover Merger Tests Bank Regulators’ Merger ApproachThe American Prospect:

The American Prospect, February 22, 2024, Capital One–Discover Merger Tests Bank Regulators’ Merger Approach Already, several advocacy groups have come out against the merger proposal, including the National Community Reinvestment Coalition, which has fought Capital One in particular for several years. Sen. Josh Hawley (R-MO) said on Wednesday that the deal should be blocked, joining Sen. Elizabeth Warren,

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NBC: Capital One-Discover Merger Could Put A Bigger Squeeze On Credit Card Users, Experts Warn

NBC, February 20, 2024, Discover Merger Could Put A Bigger Squeeze On Credit Card Users, Experts Warn The National Community Reinvestment Coalition, an advocacy group that looks to funnel private investment into underserved communities, also wasted no time criticizing the merger. “It is very difficult to imagine how federal regulators could allow Capital One to

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American Banker: 5 Key Drivers Of The Capital One-Discover Merger

American Banker, February 20, 2024, 5 Key Drivers Of The Capital One-Discover Merger The deal is subject to regulatory approval and it’s already raised concern among watchdog groups like the National Community Reinvestment Coalition for its potential to combine two of the largest credit card issuers’ portfolios. But Capital One’s plan to flow a significant

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POLITICO: What’s Washington’s Appetite For Bank M&A?

POLITICO, February 20, 2024, What’s Washington’s Appetite For Bank M&A? The National Community Reinvestment Coalition said it opposes the merger. NCRC president and CEO Jesse Van Tol slammed Capital One’s record in previous deals and said the takeover would pose “massive” antitrust concerns because of the vertical integration between Cap One’s credit card lending and Discover’s card

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Reuters: Discover Financial Rises On Capital One’s $35 Billion Deal, Payment Processors Fall

Reuters, February 20, 2024, Discover Financial Rises On Capital One’s $35 Billion Deal, Payment Processors Fall The deal was opposed by Washington-based advocacy group National Community Reinvestment Coalition. “It is very difficult to imagine how federal regulators could allow Capital One to buy Discover given the requirement that mergers benefit the public as well as

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The Washington Post: Capital One To Acquire Discover For $35.3 Billion In All-Stock Deal

The Washington Post, February 20, 2024, Capital One To Acquire Discover For $35.3 Billion In All-Stock Deal Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a consumer advocacy group, predicted heavy scrutiny from regulators and community groups. “Heavy regulatory scrutiny is an understatement,” he said on social media.

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The New York Times: Capital One To Acquire Discover, Creating A Consumer Lending Colossus

The New York Times, February 19, 2024, Capital One To Acquire Discover, Creating A Consumer Lending Colossus But consumer advocates pushed back on the possible deal, saying it posed antitrust concerns. “It is very difficult to imagine how federal regulators could allow Capital One to buy Discover given the requirement that mergers benefit the public

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AP: Capital One Will Buy Discover For $35 Billion In Deal That Combines Major US Credit Card Companies

AP, February 19, 2024, Capital One Will Buy Discover For $35 Billion In Deal That Combines Major US Credit Card Companies “The deal also poses massive anti-trust concerns, given the vertical integration of Capital One’s credit card lending with Discover’s credit card network,” said Jesse Van Tol, president and CEO of the National Community Reinvestment

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AlJazeera: US Banking Giant Capital One to Buy Discover Financial For $35.3bn

AlJazeera, February 20, 2024, US Banking Giant Capital One to Buy Discover Financial For $35.3bn Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, said the acquisition would likely raise concern among regulators, including the Federal Trade Commission and Consumer Financial Protection Bureau “Retailers might also oppose? I can’t think of [a] bank

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NPR: Why Banks Are Fighting Changes To An Anti-Redlining Program

NPR, February 15, 2024, Why Banks Are Fighting Changes To An Anti-Redlining Program MA: This is Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a group that advocates for equitable housing policy. He says not only did the FHA discourage banks from lending in neighborhoods where mostly people of color lived. It also

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The Christian Science Monitor: Why Boston’s Wealth Back Bay Said Yes, In Our Backyard

The Christian Science Monitor, February 14, 2024, Why Boston’s Wealth Back Bay Said Yes, In Our Backyard In the United States, Boston is the third-most-expensive city for renters, according to January data from the rental platform Zumper. In 2020, Boston was ranked the third-most-gentrified city, according to a study by the National Community Reinvestment Coalition.

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Ohio Wesleyan University: Ten Ohio Wesleyan Students, Employees Earn 2023-2024 Diversity, Equity, And Inclusion Grants

Ohio Wesleyan University, February 14, 2024, Ten Ohio Wesleyan Students, Employees Earn 2023-2024 Diversity, Equity, And Inclusion Grants First-year students Ella Lazare of Oakland, California, and Daniela Flores of Norristown, Pennsylvania. They are using their grant to attend the Just Economy Conference 2024, sponsored by the National Community Reinvestment Coalition (NCRC) and widely considered the leading national conference on

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NPQ: Improvisation Over Strategy: What Nonprofit Managers Can Learn from Theater

NPQ, February 13, 2024, Improvisation Over Strategy: What Nonprofit Managers Can Learn from Theater SD: At a National Community Reinvestment Coalition Conference last year, you mentioned you majored in sociology and theater. That does not seem to be a typical background for a CDFI leader. Can you talk about how you made that journey and

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Daily Journal: First Financial Bank Announces Community Benefits Agreement

Daily Journal, February 10, 2024, First Financial Bank Announces Community Benefits Agreement First Financial Bank has entered into a new $2.4 billion, five-year community benefits agreement with the National Community Reinvestment Coalition and related partner organizations, establishing goals for lending and investments to low- and moderate-income clients and census tracts. The new agreement follows the

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