In the News

The Washington Post, November 17, 2023, Our Kids Don’t Want Our Paid-Off House — Or Our Ashes In 1940, the Black homeownership rate was 22.8%, nearly half of the 45.6% for Whites, according to the National Community Reinvestment Coalition. Until 1968, homeowners and real estate agents could legally refuse to sell homes to African Americans […]

Yahoo Finance, November 14, 2023, First Citizens Announces Expanded Commitment To Communities In Northern California And Eastern Massachusetts First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank’s longstanding community support to Northern California and Massachusetts following its March acquisition of

American Banker, November 14, 2023, First Citizens Unveils Revised SVB Community Plan Worth $6.5 Billion National Community Reinvestment Coalition Chief Executive Officer Jesse Van Tol called the agreement a “huge relief” for the communities that stood to benefit from SVB’s earlier community benefits plan. NCRC is one of the organizations that signed the deal with

The Buffalo News, December 3, 2023. The Editorial Board: KeyBank Must Offer More Than Promises To Black And Low-Income Borrowers Whatever KeyBank is doing, it needs to do better. After being accused of “systemic redlining” in late 2022, the bank has not improved its track record of home loans to Black and low-income borrowers. That’s according to

Cleveland, November 16, 2023, Advocacy Organization Says KeyBank’s Lending Record Got Worse In 2022 The National Community Reinvestment Coalition had already said that KeyBank’s mortgage lending got worse, instead of better, while the two organizations worked together from 2018 to 2021. In a new report released Thursday, the advocacy organization said the trend continued in

Crain’s Cleveland, November 16, 2023, Report Shows KeyBank Remains Worst Mortgage Lender For Black, Low-Income Homebuyers A year after being dubbed the “worst major mortgage lender for Black homebuyers,” KeyBank’s mortgage lending track record for Black and low-income borrowers looks even worse, according to the latest analysis from the National Community Reinvestment Coalition.

Buffalo News, November 16, 2023, KeyBank Again Criticized By Coalition Over Lending Practices A national coalition of community groups is again criticizing KeyBank over its track record of home purchase loans with Black and low-income borrowers. The National Community Reinvestment Coalition claims Key’s results worsened since the organization released a similar report last December. The

AP News, November 16, 2023, First Citizens Announces Expanded Commitment To Communities In Northern California And Eastern Massachusetts First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank’s longstanding community support to Northern California and Massachusetts following

News Pub, November 16, 2023, Podcast: Today In Ohio – KeyBank KeyBank has been rightfully blasted in the recent past for its poor record of lending in marginalized communities. Is it doing any better? The National Community Reinvestment Coalition, which is a fair lending advocate, released a report yesterday that found KeyBank mortgage lending in

BET, November 16, 2023, What’s In The New CRA Rules That Are Intended Finally To End Discriminatory Lending Practices? Federal banking regulators are attempting to update a policy that has, over time, not lived up to its design to make homeownership and wealth creation more accessible for African Americans. The plan is to get banks

WisBusiness, November 16, 2023, Color Bold: Support Local Black, Indigenous And People Of Color (BIPOC)-Owned Businesses With The ColorBold Business Association Inc. ColorBold Business Association Inc., a resource for all people of color locally, nationally and globally headquartered in Green Bay, Wisconsin, is encouraging people in the Northeast Wisconsin region to take advantage of all the benefits of supporting

The Maine Campus, November 16, 2023, Are There Valid Clauses to Re-Evaluate UMaine’s Native Scholarship Program? A formal complaint was filed to the US Department of Education’s Office for Civil Rights (OCR) in dispute of the University of Maine scholarship programs designated for Native American students. It was submitted by an individual by the name

The Press Democrat, November 8, 2023, Frustrated With New Rules, Bank Lobbyists Are Making Their Fight Public In recent months, trade groups representing banks of all sizes, including the American Bankers Association, the Independent Community Bankers of America and the Bank Policy Institute, have accused federal regulators such as the Consumer Financial Protection Bureau and

New York Times, November 8, 2023, Frustrated With New Rules, Bank Lobbyists Are Making Their Fight Public Banks have become increasingly frustrated with their federal regulators and, in a break with tradition, have brought the battle out into the open. Regulators say they are using powers they have long held to address specific problems in

Axios, November 8, 2023, Scoop: SBA Expands Its Primary Business Loan Program The US Small Business Administration has chosen three new lenders to make SBA 7(a) loans nationally, Axios has learned. This marks the first time in more than 40 years that the SBA has expanded its primary business loan program and brings the total number of nonbank lenders