In the News

Citylimits, February 6, 2025, Tale of Two Cities: Report Finds Stark Racial Wealth Gap Among New Yorkers “The gains in average wealth of white households have come from multiple sources including business assets and rental properties while Black and Hispanic households’ gains have come overwhelming[ly] from home equity,” said Joseph Dean, racial economic junior research

Housingwire, February 3, 2025, New CFPB director Bessent orders agency to stop working The Trump administration’s move to stop the CFPB’s work “means inviting scammers and swindlers into working families’ bank accounts,” said Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition. “It means instability, uncertainty and exposure. Chaos only benefits bad actors. I

Daily Hampshire Gazette, February 3, 2025, Treehouse Names Erika Kuester New Leader During ‘pivotal’ Time For Nonprofit Kuester brings a deep history of community organizing work to her new role, previously working for organizations such as Leadership for Educational Equity, National Community Reinvestment Coalition, and Direct Action & Research Training. Throughout her years of work

Westworld, February 2, 2025, Opinion: Denver Is Doubling Down on a Decade of Failed Policies In 2020, the National Community Reinvestment Coalition ranked Denver as the second most gentrified city in the nation. The top-ranked city, San Francisco, offers a cautionary tale: Restrictive housing policies have driven land values and rents far beyond what working-class

Real Estate News, February 5, 2025, Consumer Financial Protection Bureau faces new threat  The motivations behind the proposal: Cruz said the CFPB, which is an independent government agency, is “an unelected, unaccountable bureaucratic agency that has imposed burdensome and harmful regulations on American businesses, banks, and credit unions.”  Elon Musk is not a fan either, saying in

Bloomberg Law, January 24, 2025, Wall Street Watchdogs Scrub DEI Pages After Trump Orders (1) Lawmakers also explicitly required financial regulatory agencies to establish the minority and women inclusion offices under Section 342 of the Dodd-Frank Act, with the goal of attracting talent, fostering inclusion, and developing standards to assess diversity policies and practices among regulated entities.

American Banker, November 14, 2024, What would Matt Gaetz as attorney general mean for banks? Regardless of whether Republicans will vote to confirm Gaetz given the allegations against him, his stance as a skeptic of mergers and his previous work investigating banks as part of his House committee assignment shows that the Trump administration is

Study Finds, September 3, 2024, Bank Bias? Highly Qualified Black Entrepreneurs Still Offered Worse Loans, Service Discussion and TakeawaysThe study’s findings underscore the persistent problem of racial discrimination in financial services and its detrimental effects on both customers and businesses. The researchers emphasize the need for a multi-faceted approach to address this issue, involving financial

Bloomberg Law, September 19, 2024, Capital One-Discover Deal Hits Roadblock In Bank Merger Overhaul The Fed hasn’t officially changed its merger policy. But even without a formal change, the central bank may ultimately apply tougher standards than in the past, when critics say the federal banking agencies were too quick to approve deals. “Historically, the

Patch: Fair Appraisals, September 12, 2024, New Jersey Passes Housing Discrimination Law Attorney General Matthew Platkin said he supports the state’s new law as yet another way to fight back against the racial wealth gap. “Discrimination in the housing appraisal industry has prevented far too many – particularly people of color – from acquiring the

The Conversation, September 20, 2024, Gentrification Isn’t Inevitable – It Can Hinge On How Residents View Their Neighborhood As the U.S. population becomes increasingly urban, gentrification can seem inevitable. However, scholars have found that it’s actually pretty rare. For example, a study by the nonprofit National Community Reinvestment Coalition that examined neighborhood change from 2000

The Banker, September 19, 2024, Industry Groups Criticise ‘Opaque’ US Bank M&A Rules National Community Reinvestment Coalition CEO Jesse Van Tol welcomed the move to better protect the public from “harmful mergers, as community advocates have long called for, by ensuring that the needs of everyday people are properly considered in these vital decisions”. The

Ayanna Pressley, September 25, 2024, Pressley, Green Reintroduce Bill To Strengthen Oversight Of Big Banks And Protect Consumers The bill is endorsed by Public Citizen, Americans for Financial Reform, National Community Reinvestment Coalition, American Economic Liberties Project, Fight Corporate Monopolies, California Reinvestment Coalition, Action Center on Race and the Economy, Sierra Club, Center for American

The Wright State Guardian, September 26, 2024, Rising Rent And Dorm Prices In Dayton There is no doubt rent prices are increasing for Generation Z. The National Community Reinvestment Coalition says, “On average, the study found, Gen Z-ers — born between 1994 and 2000 — will spend about $145,000 on rent by their 30th birthdays,

American Banker, September 30, 2024, Consumer Advocate, Fintechs Urge CFPB, FHFA To Adopt AI Guidance The National Community Reinvestment Coalition and four fintech companies are urging the Consumer Financial Protection Bureau and the Federal Housing Finance Agency to provide guidance on the use of machine learning and artificial intelligence in lending, which they claim would