In the News

Office Of The Comptroller Of The Currency, March 30, 2023, Acting Comptroller Emphasizes Focus on Safe And Sound Banking System, Discusses Elevating Fairness in Banking Acting Comptroller of the Currency Michael J. Hsu today emphasized the Office of the Comptroller of the Currency’s (OCC) continued focus on the safety, soundness and fairness of the federal …

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The Center Square, March 31, 2023, Illinois’ Creative Arts And Hospitality Sectors To Get $175 Million In Taxpayer Subsidies Grant award amounts will be set based on revenue declines on submitted tax returns. The goal is to keep small businesses from going under and to save jobs, National Community Reinvestment Coalition Community Development Fund Executive …

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Bigz Media Advantage, April 3, 2023, New Pandemic Relief Grants Offered In Illinois Grant award amounts will be set based on revenue declines on submitted tax returns. The goal is to keep small businesses from going under and to save jobs, said National Community Reinvestment Coalition Community Development Fund Executive Director Marisa Calderon.

Oregon Business, April 12, 2023, Bank On It This new inflation/interest rate environment piles on another layer to the challenges banks already face. For instance, consolidations and closures, a trend since the 1980s, continue. The National Community Reinvestment Coalition reports that 9% of all US branch locations closed between 2017 and 2021. The closure rate …

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Alabama News, April 11, 2023, Birmingham City Council Creates New Fair Housing Committee Among its initiatives to improve housing opportunities, Birmingham has partnered with the National Community Reinvestment Coalition in a program called GROWTH by NCRC to build 200 homes around the city, with Woodlawn and Oak Hill in Belview Heights as initial demonstrations of that plan.

The Regulatory Review, April 11, 2023, Regulators Propose Updates To Community Reinvestment Act Rules The National Community Reinvestment Coalition (NCRC), a non-profit advocacy organization focused on fair housing and banking, also published a list of areas where the proposed updates to CRA regulations “fall far short.” According to the NCRC’s report, some of the proposed financial regulations will ultimately limit regulators’ abilities …

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Journal-Courier, April 1, 2023, Grants Available To Artists, Arts Groups The Illinois Creative Recovery Grant Program, or Back to Business Arts, is federally funded through the Illinois Department of Commerce and Economic Opportunity and administered by the National Community Reinvestment Coalition.

American Banker, March 30, 2023, OCC’s Hsu: Fairness As Important To Bank Health As Safety And Soundness “It is precisely during times like these — when the world is fixated on financial and systemic risks — that issues of fairness can get pushed to the bottom of the pile and ignored,” Hsu said in his …

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Cleveland News, April 4, 2023, KeyBank Lending In Black Communities Falls Short, Study Shows. Could Cuyahoga Be Shopping For A New Bank Soon? The National Community Reinvestment Coalition, a fair-lending advocacy group, cut ties with KeyBank last year after a similar study showed it was failing.

The Pitch, April 4, 2023, Ma’Ko’Quah Jones Indexes Indigenous Strategies For Climate Change Resilience The workers come from far away and live in a temporary shelter in a community that is likely very different from their own. The pay can be quite good, especially considering the local, usually rural, standard of living. Furthermore, local poverty …

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American Banker, April 2, 2023, Silicon Valley Bank Pledged $11 Billion In Community Benefits. Now What? Acknowledging that SVB is “a different bank with different capabilities” today is central to figuring out how to move forward, said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, a fair-lending group that helps negotiate …

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Washington Business Journal, March 30, 2023, Feds Issue Sweeping Rule On Small Business Loan Data Collection Both bank and nonbank lenders will have time before they will need to start reporting the data.

American Banker, March 30, 2023, CFPB Finalizes Data-Reporting Rule For Small-Business Lenders “Having the data set is very, very powerful especially when you can identify … what different lenders are doing,” CFPB Director Rohit Chopra said Thursday, drawing applause and cheers at a conference of the National Community Reinvestment Coalition. “By merely asking for the …

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Yahoo Finance, March 27, 2023, Fed’s Rate Hikes Hurt Lower-Income Homebuyers The Most, Study Finds “A volatile interest rate of over 7% is totally making it dismal for folks in terms of home buying,” Ibijoke Akinbowale, community impact director at National Community Reinvestment Coalition, told Yahoo Finance. Although the recent interest rate hikes affect all …

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TD Stories, March 27, 2023, TD Bank Deepens Impact In Philadelphia With $2.5 Million In Charitable Giving And Support For Diverse Homebuyers And Affordable Housing Programs TD Bank worked with local National Community Reinvestment Coalition (NCRC) members and Philadelphia community leaders to identify impactful initiatives that support areas of greatest need in the city, including …

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