In the News

Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.

Value Walk: Activists demand revamp of anti-redlining law

The letter from leading California-based and California-serving community organizations and leaders, joins similar calls for a freeze on CRA rulemaking by the National Community Reinvestment Coalition, National Community Economic Development Association, the President’s Council on Impact Investing, and industry groups, including the Independent Community Bankers of America (ICBA).

National Mortgage News: Regulators ‘full steam ahead’ on CRA reform despite coronavirus pandemic

“Every community group across the country has been affected in terms of their ability to comment on rulemaking,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. “There are organizations out there that don’t have laptops — they use desktop computers that are pre-webcam, even pre-word processing.”

To press forward during a global pandemic is “beyond tone deaf,” Van Tol said.

New York Times: Black-Owned Businesses Could Face Hurdles in Federal Aid Program

In 2018, for instance, the National Community Reinvestment Coalition, a nonprofit organization that works with banks to increase the flow of private capital into poor and underserved communities, sent “mystery shoppers” to 32 different banks in Los Angeles. It found that potential borrowers with identical financial profiles were treated differently by bankers based on their race.

Insurance News Net: Community Legal Services, Regional Housing Legal Services Issue Public Comment on Comptroller of Currency Proposed Rule

The proposed CRA changes would allow banks to dramatically reduce their mortgage lending to low- and middle-income (LMI) borrowers and still pass their CRA exams./2

From 2009 through 2018, banks in the Philadelphia area reported making $45 billion in mortgage loans and $8.7 billion in business loans in lower-income neighborhoods./3

YubaNet: Feinstein Supports Bill Creating $75 Billion Fund to Prevent Evictions, Foreclosures

The legislation is supported by the following organization: National Council of State Housing Agencies; Habitat for Humanity; National Housing Conference; National Community Reinvestment Coalition; National Association of Affordable Housing Lenders; National Leased Housing Association; Americans for Financial Reform; National Consumer Law Center and Center for Responsible Lending.

Senator Jack Reed: Reed Introduces $75 Billion Housing Assistance Fund to Prevent Disasters from Intersecting and Overwhelming Households, Communities, & U.S. Economy

Reed’s bill is supported by a diverse coalition of housing advocates, including: National Council of State Housing Agencies; Habitat for Humanity; National Housing Conference; National Community Reinvestment Coalition; National Association of Affordable Housing Lenders; National Leased Housing Association; Americans for Financial Reform; National Consumer Law Center, on behalf of its low-income clients; Center for Responsible Lending; Rhode Island Housing; and the Rhode Island Association of Realtors.