In the News

Smart Cities Dive, September 27, 2022, Austin, other US cities look to combat legacies of housing discrimination The NCRC is also watching federal efforts to update the Community Reinvestment Act, a 1977 law to curb discriminatory credit practices in low-income neighborhoods. The group wants the CRA’s enforcement mechanisms to more explicitly account for race.

National Mortgage News, September 26, 2022, Upstart says it’s improving AI models after report finds race approval disparities Upstart is part of a new organization called MoreThanFair focused on using technology to make lending more inclusive, while ensuring that AI models are “properly supervised and rigorously tested,” according to its website. The group, which launched this month,

Greater Greater Washington, September 26, 2022, Events: GGWash’s Fall Mixer is happening this Wednesday. Come join us! Join the National Community Reinvestment Coalition (NCRC) in this informative online event at 1:00 pm on September 29. They will provide critical information on the definition and application of the social determinants of health (SDOH) and how they can

CUtoday, September 21, 2022, Banks Need to be Subject to Greater Transparency, NAFCU Tells Congress Additionally, Mesack pointed to a study by the National Community Reinvestment Coalition, which revealed that more than 4,000 bank branches have closed since the start of the pandemic – a rate of over 200 branch closures per month.

Precinct Reporter News, September 22, 2022, Minority Entrepreneurship Report: More Money Could Help In another study, the National Community Reinvestment Coalition looked at discrimination in lending before COVID-19 and through the implementation of PPP lending. They found statistically significant disparities in how bank representatives discriminated in the small business loan process.

The American prospect, September 22, 2022, The Reinvestment Movement vs. the Bankers In 1990, local and state organizations that promote housing, community economic development, and banking services came together to form the National Community Reinvestment Coalition (NCRC), which now has more than 600 affiliates. NCRC provides national clout and expertise to monitor regulatory agencies, work

MPA, September 20, 2022, How to root out discrimination in the mortgage industry As the National Community Reinvestment Coalition (NCRC) explains on its website, the maps document how loan officers, appraisers and real estate professionals evaluated mortgage lending risk during the era immediately prior to the suburbanization surge of the 1950s. Neighborhoods considered high risk

WBUR, September 21, 2022, Banks saw opportunity during COVID, permanently shuttering 230 branches in Mass. Banks often close branches to save on expenses, but that’s not a service to their customers, said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a nonprofit based in Washington, D.C.

Yahoo, September 16, 2022, U.S. Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement As part of the planned acquisition of MUFG Union Bank, U.S. Bank announced in May 2022 a five-year community benefits plan (“CBP”), developed in coordination with the National Community Reinvestment Coalition and the California Reinvestment Coalition.

The National Law Review, September 16, 2022, In Depth: Summary of Notable Comments to Federal Banking Agencies’ Interagency Proposal to Update Community Reinvestment Act Rules The NCRC comment letter summarizes its position on major issues as: CRA exams must explicitly consider banks’ records in serving people of color and communities of color. Public input mechanisms

Financial Services, September 16, 2022, Chairwoman Waters Introduces Legislation To Strengthen The Community Reinvestment Act, End Modern-Day Redlining The “Making Communities Stronger Through the Community Reinvestment Act” is endorsed by the Association for Neighborhood and Housing Development, California Reinvestment Coalition, National Alliance of Community and Economic Development Associations (NACEDA), National Community Reinvestment Coalition, National Coalition

Yahoo!Finance, September 16, 2022, Civil Rights Organizations, Consumer Advocates, And Industry Leaders Unite To Launch ‘MoreThanFair’ Initiative To Improve Access To Affordable And Inclusive Credit Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, said: “We are encouraged by the prospect for meaningful engagement with industry and with other advocacy organizations. As

MSN, September 16, 2022, Big Investment Finally Coming To Allentown’s Riverfront Neighborhoods. Will Gentrification Come With It? Researchers Bruce Mitchell and Jason Richardson from the National Community Reinvestment Coalition, a nonprofit in Washington, DC focused on housing and poverty, developed a research model that measures levels of gentrification.

Bankrate, September 16, 2022, Banks Vs. Credit Unions: How To Decide Where To Keep Your Money Branches are closing rapidly: Alongside the rise of digital banking is the decline of branch-banking. Between 2017 and 2021, 9% of all bank branches in the US closed, according to a report by the National Community Reinvestment Coalition, a nonprofit

Brookings, September 16, 2022, Reducing Poverty Without Community Displacement: Indicators Of Inclusive Prosperity In US Neighborhoods No community Displacement. Our classification of community displacement is modeled off the definition used by the National Community Reinvestment Coalition. We defined neighborhoods as having no displacement if the actual number of people in each observed racial or ethnic