In the News

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

American Banker: Reactions to CRA plan signal long fight ahead

“Along with the banking industry, we and our members across the nation share the desire to modernize CRA,” Van Tol said in a statement. “However, the Trump administration seems determined to radically overhaul and water down the compliance system by introducing a numerical measure of performance that has been widely criticized, by bankers as well as community advocates, as overly simplistic.”

Politico: FDIC bid to overhaul anti-redlining law sparks protest by Waters

“The Trump administration seems determined to radically overhaul and water down the compliance system by introducing a numerical measure of performance that has been widely criticized, by bankers as well as community advocates, as overly simplistic,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition.

The New York Times: Bank Regulators Disagree on Changes to Rules for Poor Communities

“I’m very concerned that this proposal shifts the focus of CRA from making mortgage loans and small-business loans to lower-income people to a range of finance activities that are higher profit margin,” said Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit that seeks to help poor communities build wealth.

American Banker: Four Big Questions As CRA Proposal Nears Official Release

“The OCC’s approach to this has been to barrel in without building consensus first on how to proceed,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. He raised the possibility that the FDIC’s support could be contingent on some kind of carve-out for smaller banks. “It will be telling if the FDIC signs on with a clause to let their banks opt out. Talk about a vote of confidence.”

The Washington Informer: D.C. Council Eyes Financial Literacy Elective for Students

Since the turn of the century, more than 20,000 Black D.C. residents had been displaced, a March study from the National Community Reinvestment Coalition found. The District leads several U.S. cities in this arena because housing values have outpaced the median incomes. In 2009, amid a recession, the District experienced more than 4,000 foreclosures. Several hundred people since then have also filed for bankruptcy.