In the News

The Hill, April 15, 2022, Why reform a lending law that we may not need at all? In a March 1 letter to bank regulators, 123 organizations expressed support for seven additions to existing CRA requirements, which focus on lending and other banking services in neighborhoods in which traditional, regulated banks have branches. Led by […]

The Wall Street Journal, April 15, 2022, Biden to Nominate Michael Barr as Top Fed Banking Regulator After Ms. Raskin’s and Ms. Omarova’s withdrawals at the hands of Republicans and centrist Democrats in the Senate, some banking experts see Mr. Barr’s nomination as a White House tack toward the center. “Certainly the political winds have

Public Source, April 18, 2022, Pittsburgh’s racial homeownership gap grows. What can be done to fix it? The National Community Reinvestment Coalition [NCRC] has published several reports highlighting the long-lasting impacts of redlining and housing discriminatory practices, including how the COVID-19 pandemic has worsened racial disparities in homeownership. “There are statistically significant associations between greater

KB Exchange Trust, April 12, 2022, Banks Accelerate Closure of In-Store Branches According to a report from the National Community Reinvestment Coalition (NCRC), 9 percent of all bank branch locations in the US closed between 2017 and 2021, a loss of about 7,500 brick-and-mortar locations. The pace of branch closings doubled during the pandemic, the

Politico, April 15, 2022, Washington Was an Icon of Black Political Power. Then Came Gentrification. A 2019 study by the National Community Reinvestment Coalition found that D.C. had the highest “intensity” of gentrification of any city in the United States between 2000 and 2013. A follow-up NCRC study found that D.C. then fell to 13th

Maryland Matters, April 13, 2022, Here’s the Antidote to the Toxicity in the Curtis Bay Community The toxic chemical industry has engulfed entire residential areas of Baltimore. But in the long-suffering neighborhood of Curtis Bay, the local community is fighting back. Recently, I heard Dr. Nicole Fabricant, Professor of Anthropology at Towson University, discuss the

American Banker, April 13, 2022, Banks are wrong to oppose CFPB data collection for small-business loans Along with home purchase loans, small-business loans are one of the most important private-sector tools available to strengthen local economies. Banking industry leaders who promised to help combat the economic pain and material indignities that define life for most

Bloomberg Markets, April 13, 2022, Triple Take Today’s show tackles big bank earnings: Guests Today: David George of Robert W Baird & Co., Jesse Van Tol of the National Community Reinvestment Coalition (Source: Bloomberg)

Politico, April 13, 2022, Morning Money National Community Reinvestment Coalition’s Jesse Van Tol: “Michael Barr would be an outstanding choice for Vice Chair of Supervision at the Fed. He knows the players, knows the fault lines, and will bring a wealth of experience to the job. He may not be the regulator all progressives want,

India West Journal, April 13, 2022, South Asians For America Offers First-Ever South Asian Organizing Training Series South Asians for America (SAFA) will offer a first-of-its-kind organizing training series for the South Asian community to take place on Thursdays, April 14, 21and 28 at 8 pm ET via Zoom. The first session on April 14 will

American Entrepreneurship Today, March 31, 2022, Black and Brown Female Entrepreneurs, Allies Call for Change at Annual Summit The 4th Annual Women of Color Connecting Virtual Summit (WOCCON 2022), hosted by the Institute For Entrepreneurial Leadership (IFEL) recently, issued a strong call-to-action. “Listen, learn, engage, then act,” stated IFEL CEO Jill Johnson, referring to the purpose-driven action

PhillyVoice, A look inside the Philadelphia real estate market and steps that can be taken for the future of affordable housing A recent report from the National Community Reinvestment Coalition underscores how racial disparities in mortgage lending have persisted during the COVID-19 pandemic, making it harder for people of color to access conventional loans in low- to

VAntage Point, April 11, 2022, Financial literacy resources from Treasury’s Office of the Comptroller of the Currency Veterans wanting to learn more about financial literacy can take advantage of the following free resources and events from The Office of the Comptroller of the Currency (OCC). This Financial Literacy Update publishes quarterly and reports upcoming events, new

Bloomberg, April 8, 2022, How Greenwood Became the Most Hyped Startup in Black America Over the past year-and-a-half 700,000 people have added their names to the waiting list of a financial startup named Greenwood as if it were a sneaker drop. Greenwood is part of the subset best described as neobanks, apps that offer banking

Tampa Bay Newswire, April 7, 2022, Crab Devil Awarded Community Redevelopment Area Façade Grant For East Tampa CRA Tampa-based multimedia art collective Crab Devil is thrilled to announce they have been approved for the City of Tampa’s Community Redevelopment Area (CRA) Façade Grant for the East Tampa CRA. The Crab Devil campus will provide a