Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
Reuters, March 21, 2024, Exclusive: CapOne Tells Regulators Discover Deal Will Boost Competition And Stability “This is a key test of the federal merger review framework,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a community lending advocacy group which opposes, opens new tab the deal. A spokesperson for the OCC confirmed it had […]
BankingDive, March 22, 2024, Advocates Urge Transparency In Capital One-Discover Review In a Thursday letter, Consumer Reports, U.S. PIRG, the Consumer Federation of America and the National Community Reinvestment Coalition expressed concern about the implications of the deal and called on regulators “to commit to a more transparent process that enables the public to fully participate
BankingDive: Advocates Urge Transparency In Capital One-Discover Review Read More »
Eurweb, March 20, 2024, $6.7 Million Dollar SOS Initiative Impacts 28 National Organizations & Single Moms Additional funders of Share Our Strength’s family economic mobility work include the Robert Wood Johnson Foundation and the Sodexo Stop Hunger Foundation. Lead partner organizations include:
Tampa Bay Times, March 15, 2024, TD Bank Launches $20B Community Impact Plan to Empower Underserved Communities TD Bank, America’s Most Convenient Bank® announced a three-year Community Impact Plan that will provide an estimated $20 billion supporting lending, philanthropy, banking access and other activities for the benefit of diverse and underserved communities. This strategy, developed
US Department of Housing and Urban Development, March 12, 2024, HUD Awards $2.75 Million To Train And Equip Skilled Housing Counseling Professionals The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced today it has awarded $2.75 million in grants to seven nonprofit organizations to fund training and education for current
Next City, March 12, 2024, Why The Community Reinvestment Act Is Back In The News – Again Over at Fast Company, financial journalist James Surowiecki writes that the Capital One-Discover merger could be a boon for consumers and business owners, who could see lower swipe fees with the addition of a larger competitor to Visa and MasterCard.
Next City: Why The Community Reinvestment Act Is Back In The News – Again Read More »
Financial Times, March 8, 2024, How Steven Mnuchin Pulled Off A $1bn Deal To Steady A Teetering US Bank OneWest, as IndyMac was renamed, made headlines for its hard-knuckled approach to evictions and debt collecting, foreclosing on tens of thousands of homes. But when it was eventually sold in 2015 to CIT, Mnuchin’s consortium of
Financial Times: How Steven Mnuchin Pulled Off A $1bn Deal To Steady A Teetering US Bank Read More »
Building Indiana Business, March 3, 2024, First Financial Bank And NCRC Announce $2.4B Community Benefits Agreement First Financial Bank has entered into a new $2.4 billion, five-year Community Benefits Agreement (CBA) with the National Community Reinvestment Coalition (NCRC) and related partner organizations, establishing goals for lending and investments to low- and moderate-income (LMI) clients and census
Jacobin, March 6, 2024, Credit Card Lenders Are Getting Rich Off Your Late Fees “It is very difficult to imagine how federal regulators could allow Capital One to buy Discover given the requirement that mergers benefit the public as well as insiders,” said Jesse Van Tol, the president of the National Community Reinvestment Coalition, in a
Jacobin: Credit Card Lenders Are Getting Rich Off Your Late Fees Read More »
The Guardian, March 6, 2024, “Capital One And Discover Merger ‘Dangerous’, Consumer Groups Tell Fed“ But Jesse Van Tol, president and CEO of National Community Reinvestment Coalition, another signatory to the letter, said: “Capital One is a notorious bad actor, even at its current size, and should not be allowed to further concentrate market power.”
The Guardian: Capital One And Discover Merger ‘Dangerous’, Consumer Groups Tell Fed Read More »
Whyy, February 26, 2024, Philly’s Racial Wealth Gap Is Wider Now Than In 1960. Here Are Programs Working To Fix It Vicky Diaz-Camacho/WHYY, National Community Reinvestment Coalition, National Bureau Of Economic Research
The Washington Post, February 22, 2024, Congress Can Pass Reparations Now To Fix This 150-Year-Old Injustice Jesse Van Tol is president and CEO of the National Community Reinvestment Coalition, an organization promoting racial economic justice policy. Should the US government pay reparations for slavery? That question dominates the long-running discussion about righting centuries of wrongs committed
The American Prospect, February 22, 2024, Capital One–Discover Merger Tests Bank Regulators’ Merger Approach Already, several advocacy groups have come out against the merger proposal, including the National Community Reinvestment Coalition, which has fought Capital One in particular for several years. Sen. Josh Hawley (R-MO) said on Wednesday that the deal should be blocked, joining Sen. Elizabeth Warren,
NBC, February 20, 2024, Discover Merger Could Put A Bigger Squeeze On Credit Card Users, Experts Warn The National Community Reinvestment Coalition, an advocacy group that looks to funnel private investment into underserved communities, also wasted no time criticizing the merger. “It is very difficult to imagine how federal regulators could allow Capital One to
American Banker, February 20, 2024, 5 Key Drivers Of The Capital One-Discover Merger The deal is subject to regulatory approval and it’s already raised concern among watchdog groups like the National Community Reinvestment Coalition for its potential to combine two of the largest credit card issuers’ portfolios. But Capital One’s plan to flow a significant
American Banker: 5 Key Drivers Of The Capital One-Discover Merger Read More »
