In the News

The American Prospect, June 5, 2023, Predatory Lending’s Prey Of Color MS. LILLIE SHOULD NEVER HAVE BEEN subject to a predatory loan. She worked at a hospital for 14 years, retiring at 65. Her pay was “reasonable.” For the most part, she was supporting herself. Still, she would find herself needing a boost for necessities, like […]

The Grio, June 3, 2023, Vice President Harris Leads New Charge To Address Racial Bias In Home Appraisals Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, said in a public statement that he is particularly hopeful that the plans to diversify the appraisal industry will “cure one of the core issues

Connecticut Public Radio, May 24, 2023, Connecticut Reaches Baby Bonds Deal Officials hope the program will help break cycles of generational poverty. It’s on track to begin in July, after being in political limbo for quite some time. This hour, we look at what it will mean for Connecticut residents — and why it took

Banking Dive, May 26, 2023, NYC Regulator Halts City Deposits At Capital One, KeyBank The National Community Reinvestment Coalition praised the banking commission for including public comments in the process. “KeyBank and Capital One have atrocious track records of not just under-serving but actively harming the interests of low-wealth communities and people of color,” CEO Jesse Van Tol said in

Insurance NewsNet, May 28, 2023, Menendez, Booker Cosponsor New And Improved Family Act In Fight For Universal Paid Leave This legislation has been endorsed by nearly 70 national organizations, including: American Muslim Health Professionals, Asset Building Strategies, Campaign for a Family Friendly Economy, Caring Across Generations, Center For Economic And Policy Research, Center for Law and Social Policy (CLASP), Child Welfare

The Buffalo News, May 23, 2023, KeyBank CEO Chris Gorman Confident About Financial Footing Despite Industry Turmoil The National Community Reinvestment Coalition contends the audit was spurred by pressure from shareholders and the Service Employees International Union Master Trust. Key said it had discussed the possibility of a racial equity audit with a number of

ACLU District of Columbia, May 19, 2023, D.C. NATIVE ARTECKA BROWN BRINGS HEALING TO CHOCOLATE CITY Artecka is one of the residents that ACLU-D.C. and the District recognize on D.C. Natives Day. This holiday celebrates the people and culture that have made D.C. “Chocolate City” since 1957, when D.C. became the first major city in

Hudson Valley Press, May 17, 2023, Regulators Told Key Bank Broke $16.5b Promise “If you or I break a promise to our bank, they hold us accountable with fees. When a bank breaks promises, the law says there are consequences – and it’s our government’s job to enforce that accountability,” National Community Reinvestment Coalition (NCRC)

The Nonprofit Quarterly, May 10, 2023, National Gathering Looks To Address Root Causes Of Inequality “We know that redlining and segregation was not just a phenomenon that has to do with banks,” Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said. “Institutional racism means that many institutions were implicated in the creation of

Consumer Reports, May 11, 2023, What to Do if You Are Denied a Mortgage Incomplete or unverifiable information is another primary reason for mortgage loan denials, according to a 2020 analysis from the National Community Reinvestment Coalition, a national organization of community groups. Besides paystubs, tax returns, and W-2 income statements from your employer, lenders

San Bernardino American News, May 9, 2023, Over 80 Groups Tell Federal Regulators Key Bank Broke $16.5 Billion Promise Cross-Country Redlining Aided Wealthy White Communities While Excluding Black Areas  “If you or I break a promise to our bank, they hold us accountable with fees. When a bank breaks promises, the law says there are

PR Newswire, May 9, 2023, First Horizon Commits $50 Million To Its Communities Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, commented, “First Horizon has been a reliable, trusted partner for NCRC and many of our nonprofit members for years. We are thrilled that our communities will continue to benefit from the leadership

American Banker, May 8, 2023, With TD’s Acquisition Called Off, So Is Its Community Benefits Plan The five-year agreement with community groups, which was unveiled in February, was contingent on the completion of the merger, a TD spokesperson said in a statement. The bank will continue its dialogue with the National Community Reinvestment Coalition and

Banking Dive, May 5, 2023, KeyBank agrees to third-party racial equity audit The National Community Reinvestment Coalition asked the Federal Reserve and the Office of the Comptroller of the Currency to downgrade KeyBank’s Community Reinvestment Act rating in a letter March 31. The NCRC published a report in November asserting that KeyBank had the lowest percentage of mortgage originations to Black borrowers

My Little Falls, May 8, 2023, Small Businesses – The Heart And Soul Of Today’s Rural Communities The vibrancy of any small town can be measured by the economic health of their small businesses. These community assets generate long-term economic development that meets authentic community needs. By supplying jobs to their communities, these entrepreneurs promote economic