In the News

Banking Dive, October 12, 2022, Edward Jones withdraws ILC charter application Ford in July pitched its ILC concept as a way to focus on auto-related lending and help it promote adoption of electric vehicles in the U.S. But four consumer groups called that effort disingenuous, adding it leaves consumers open to privacy violations. “Ford Motor EVs are […]

Dodd Frank Update, October 11, 2022, NCRC and HUD launch fair housing social media campaign The National Community Reinvestment Coalition (NCRC) and the U.S. Department of Housing and Urban Development have partnered to launch the #WelcomeMe #FairHousingMatters selfie challenge to raise awareness of housing discrimination.

American Banker, October 10, 2022, Big banks, nonbanks largely absent from FHFA’s Home Loan bank inquiry Banks may have another reason not to increase deposits: Community Reinvestment Act obligations increase when deposits rise, said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition. 

The Louisiana Weekly, October 10, 2022, Bank branch closures in Black America: Key Capitol Hill committees question reasons, effects Research by the National Community Reinvestment Coalition (NCRC) documents how still shrinking numbers of bank branches in Black and other communities of color diminish the economic futures of communities already reeling from a lack of sustained

Business Insider, October 7, 2022, Banks are abandoning their real estate faster than ever, to the delight of developers Since the pandemic began, financial institutions have been shedding branches at double the pace of the 2010s, as remote work and digital banking reduce demand for retail services, according to data from CBRE and the National

City Biz, October 7, 2022, Baltimore Community Lending Raises $3 Million From PNC PNC Bank, whose parent company is PNC Financial Services Group(NYSE: PNC), took a big step toward increased community lending in 2021, when it pledged $88 billion over a four-year period for a Community Benefits Plan in partnership with the National Community Reinvestment Coalition.

TipBlogg, October 4, 2022, The U.S. Is Still In For A Wild Economic Ride Despite Easing Inflation Dedrick Asante-Muhammad, the chief of membership, policy and equity at the National Community Reinvestment Coalition, said the Fed should not abandon its full employment mandate in its quest to tame inflation.

Ebony, October 5, 2022, New Social Media Challenge Highlights Importance of Fair Housing Practices To underscore the rampant discrimination still occurring more than a half-century after the passage of the Fair Housing Act, the National Community Reinvestment Coalition (NCRC) and the U.S. Department of Housing and Urban Development (HUD) have teamed up for a social

Housing Wire, September 30, 2022, Court tosses Trump-era HMDA reporting change “This ruling partially overturns a Trump-era rule that blocked a significant portion of the mortgage industry from reporting information about who they were approving and denying for loans,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition (NCRC), which filed

MPA, September 29, 2022, CFPB sued over unlawful mortgage transparency rule The National Community Reinvestment Coalition (NCRC) and its co-plaintiffs – Montana Fair Housing (MFH), Texas Low Income Housing Information Service (TxLIHIS), Empire Justice Center (EJC), and the Association for Neighborhood & Housing Development (ANHD) – asked the Texas federal court to restore the mortgage

DSNews, September 29, 2022, CFPB Accused of Exceeding Statutory Authority “People need to understand what this is really about,” said National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol in a release. “These large corporate interests are only suing because the CFPB has been so effective in protecting consumers from discriminatory and unfair practices.”

American Banker, September 29, 2022, Judge reverses Trump-era HMDA rule, forcing small mortgage lenders to comply “It’s really important that we have well-substantiated rules that can stand the test of time, whatever administration is in power,” said Brad Blower, general counsel at the National Community Reinvestment Coalition, one of five nonprofits that sued the CFPB.

Bankrate, September 28, 2022, Digital banking in 2022: Trends and statistics Between 2017 and 2021, 9 percent of all branch locations closed down, a loss of around 7,500 branches, according to the nonprofit National Community Reinvestment Coalition(NCRC). Many of these closures were propelled by the COVID-19 pandemic, during which the rate of branch closures doubled.

S&P Global, September 28, 2022, Rare condition in CBTX-Allegiance deal approval signals increased scrutiny ahead “There is a chance that the regulators would’ve caught this on their own and put in the condition either way,” Kevin Hill, Community Reinvestment Act manager at the National Community Reinvestment Coalition, said in an interview.

War History Online, September 23, 2022, Adrian Cronauer: The Charismatic Inspiration for ‘Good Morning, Vietnam’ Shockingly, in October 2014, complaints were filed against Cronauer and his law office, alleging the former DJ was involved in mortgage scams. According to the National Community Reinvestment Coalition (NCRC), he’d engaged in the scams while making it appear as