In the News

In May, speaking at a National Community Reinvestment Coalition conference, Powell said “we will only reach our full potential when everyone can contribute to and share in the benefits of prosperity.” 

According to a National Community Reinvestment Coalition study, this will increase consumer fees, reduce access to banking services for communities of color and low-income working families, and raise concerns about risks to the financial system. I am.

The Housing is Infrastructure Act of 2021 is supported by the following national groups: National Community Reinvestment Coalition

The Fed’s merger review process has other major deficiencies. Earlier this year, the Fed allowed PNC to grow to a $556 billion institution, despite a 2017 finding by bank regulators that PNC’s anti-money laundering practices were so flawed that it no longer met the standard for being “well-managed,” and despite PNC’s 2019 admission that it had lost track of certain stock holdings and fallen afoul of regulatory requirements. According to the National Community Reinvestment Coalition

Since the COVID pandemic, issues of economic inequality in the U.S. have received increasing attention in the media, along with our current national debates on race and systemic racism. Here to talk about those issues and how we can build a more just economy for all is Mr. Dedrick Asante-Muhammed of the National Community Reinvestment Coalition.

Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit group that pressures banks to increase their activities in poorer neighborhoods, said he was pleased that the agency was “finally turning the page on this terrible rule.”

In November 2020, a study was released by the National Community Reinvestment Coalition regarding Paycheck Protection Program loans that used matched-pair testing. NCRC performed past matched-pair “mystery shopper” tests in 2017, 2019, and earlier in 2020.

A report from the National Community Reinvestment Coalition shows that 13,000 bank branches closed in the U.S. between 2008 and 2020 — or 14% of all branches.

According to a report by the National Community Reinvestment Coalition, from 2017 to 2020, banks closed 4,407 branches.

The National Community Reinvestment Coalition has long advocated for “more nuance” in CRA ratings — and you can see in the chart above how regulators have started nodding to the need for more nuance, given the five performance levels for the different areas examined within the evaluation.

“The hill is very steep,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a group that promotes fairness in banking and housing. “I don’t think we’ve even begun to put a dent in that problem.”

A study from the National Community Reinvestment Coalition released in June 2020 showed Indianapolis ranked No. 12 on the list of most intensely gentrifying cities in the U.S. from 2013 to 2017.

This has led to higher fees for consumers, reduced access to banking services for communities of color and low-income working families, and increased concerns about risk to the financial system, according to studies by the National Community Reinvestment Coalition.

In 2019, a National Community Reinvestment Coalition (NCRC) study found that seven cities accounted for almost half of the gentrification in the United States from 2000 to 2013, and Baltimore was included in this bracket. The city had the fifth largest number of gentrified areas. 

“They knew this moment was coming,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a housing advocacy group. “Why don’t we already have a nominee?”