In the News

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

The Washington Post: Powell says strong economy hiding struggles of poor families

Federal Reserve Chairman Jerome Powell delivered a video message at the National Community Reinvestment’s annual Just Economy conference where he said that the low-moderate income (LMI) communities are hit the hardest when property values drop. He also said that the struggles of the LMI community are being overshadowed by the current successful state of the U.S. economy according to the Washington Post.

The Wall Street Journal: Bank mergers get faster under Trump

“As banks grow and they hold more market share, they should produce more of a public benefit,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a fair-lending advocacy group. “A way of ensuring that accountability is to have the public involved in the oversight of what they’re doing.”

Daily News: Caddo Assets Services help community development continue bringing addiction recovery solutions

Caddo Assets Services Help Community Development, Inc., a nonprofit focusing on providing community and economic development for Indigenous People, is partnering with new programs that target drug addiction in rural areas of the United States. Some resources are expected come from the use of Community Benefits Agreements that mirror those of the National Community Reinvestment Coalition — such as the $30B CBA agreement with Fifth Third Bank.

The Columbus Dispatch: Affordable housing, internet access and planning apps on Ginther’s 2019 agenda

Mayor Andrew J. Ginther of Columbus, Ohio sets his focus on investing millions of dollars into affordable housing in “opportunity neighborhoods” — identified as neighborhoods with the highest infant-mortality rate. The National Community Reinvestment Coalition is expected to contribute roughly $7.2 million dollars to help with the Mayor’s affordable housing initiatives.

Credit Union Journal: Cheat sheet: Crapo plan reasserts Capitol Hill’s role in GSE reform

Senate Banking Committee Chairman Mike Crapo has a new plan for affordable housing that would replace the current goals. His plan includes a multi-guarantor system and giving the Federal Housing Finance Agency new responsibilities. The National Community Reinvestment Coalition has publicly criticized Chairman Crapo’s new plan ideas saying that the current affordable housing goals have been beneficial in home ownership.

AdvisorNews: Federal Reserve Bank of Atlanta rates BBVA Compass “outstanding” for CRA performance

John Taylor, President and Founder of the National Community Reinvestment Coalition, recently complemented BBVA Compass in light of its positive Community Reinvestment Act (CRA) performance ratings from the Federal Reserve Bank of Atlanta. BBVA Compass’ recognition stems from their dedication to servicing the credit needs in low-moderate income communities and their commitment to community development.

Center for Responsible Lending: Civil Rights advocates respond to senate’s proposed outline to privatize Fannie and Freddie

Senate Banking Committee Chairman Mike Crapo unveiled a new housing that would undermine the current successful affordable housing goals that’s been in place since 1922. Civil Rights advocates, including the National Community Reinvestment Coalition released joint statement expressing their disapproval of the senator’s new plan.

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