Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
For years, banks have been fighting these requirements to lend to underprivileged people — and President Trump is listening as he continues his war on regulation. The irony is that these rules benefit the same “blue-collar people Donald Trump maintains he represents.
CNNMoney: Trump may weaken ‘outdated’ rules that force banks to lend to the poor Read More »
In a statement, 76 community groups (including NCRC) say that the delaying the rule by one year is tantamount to repealing the rule altogether.
Fintechs are revolutionizing the financial market, but will they also modernize 21st century community reinvestment? Earlier this fall, the National Community Reinvestment Coalition met with Square officials to find out.
American Banker: Square to small banks: Don’t lump us in with Amazon and Facebook Read More »
As big banks focus on big businesses, it has become harder and harder for Chicago’s small business owners and entrepreneurs to secure reasonable loans from responsible lenders.
HuffPost: Chicago Small Businesses Need Better Lending Options Read More »
The White House is quietly preparing the most sweeping changes to federal safety net programs in a generation, using legislation and executive actions to target recipients of food stamps, Medicaid and housing benefits.
Politico: Behind Trump’s plan to target the federal safety net Read More »
Despite a decade of setbacks, the game is definitely not over for low-income borrowers.
Talk Poverty: Why Have Banks Stopped Lending to Low-Income Americans? Read More »
The Senate Banking Committee will begin its markup today of a bill that would roll back the Dodd-Frank Act. Experts see it as a dangerous step. The Center for Responsible Lending, the National Community Reinvestment Coalition and the National Consumer Law Center all oppose the bill.
HousingWire: Senate Banking Committee introduces repeal of Dodd-Frank Act Read More »
Earlier this year, in a large metropolitan area of the eastern United States, two men walked into the same bank branch on the same day, each at different times of the day.
They each came in with nearly identical business backgrounds and strong credit histories, and they each asked about a small business loan of $60,000-$70,000 to expand their business and to possibly hire a part-time employee. There were some key differences, like each man’s name and their company names — and their race.
Next City: “Mystery Shopper” Experiment Reveals Racial Gap in Small Business Lending Read More »
Cordray’s departure kicks off a high-stakes scramble to secure the future of the CFPB, a powerful Washington regulator that has cheered consumers and angered businesses as well as Republicans, who have accused it of overreaching. The independent bureau is the only bank regulator not led by a Trump appointee.
Politico: Cordray to resign from CFPB, clouding future of watchdog agency Read More »
Three banks in three different regions collectively promised nearly $20 billion in home mortgages, small business loans, community development financing, and charitable contributions, as part of negotiations that included hundreds of community-based organizations in each region that were completed over the past month.
Next City: Three U.S. Banks Make $20 Billion Community Reinvestment Promise Read More »
The $22 billion-asset company, which has been an aggressive acquirer in recent months, said in a press release last week that it had worked with the National Community Reinvestment Coalition on the five-year plan.
American Banker: Acquisitive Iberiabank in La. creates $6.7B community investment plan Read More »
IberiaBank pledges $6.72 billion over the next five years to provide loans and services for low- and moderate-income communities.
Kirsch’s and Squires’ book could best be described as a documentary-style political economy of the financial crisis and subsequent policy responses. They describe the genesis of the idea for the Consumer Financial Protection Bureau
Meltdown: The Financial Crisis, Consumer Protection, and the Road Forward Read More »
Boston Globe, October 30th, 2017: Santander Bank executives on Monday unveil an $11 billion, five-year pledge for community investments across the company’s eight-state footprint
Boston Globe: Santander and NCRC announce $11 billion agreement Read More »
Baltimore Brew, October 23, 2017: One branch’s closure sparks a battle against “banking deserts” in Baltimore
Battle against banking deserts in Baltimore Read More »
