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In the News

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

Politico: FDIC bid to overhaul anti-redlining law sparks protest by Waters

“The Trump administration seems determined to radically overhaul and water down the compliance system by introducing a numerical measure of performance that has been widely criticized, by bankers as well as community advocates, as overly simplistic,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition.

Politico: FDIC bid to overhaul anti-redlining law sparks protest by Waters Read More »

The New York Times: Bank Regulators Disagree on Changes to Rules for Poor Communities

“I’m very concerned that this proposal shifts the focus of CRA from making mortgage loans and small-business loans to lower-income people to a range of finance activities that are higher profit margin,” said Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit that seeks to help poor communities build wealth.

The New York Times: Bank Regulators Disagree on Changes to Rules for Poor Communities Read More »

American Banker: Four Big Questions As CRA Proposal Nears Official Release

“The OCC’s approach to this has been to barrel in without building consensus first on how to proceed,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. He raised the possibility that the FDIC’s support could be contingent on some kind of carve-out for smaller banks. “It will be telling if the FDIC signs on with a clause to let their banks opt out. Talk about a vote of confidence.”

American Banker: Four Big Questions As CRA Proposal Nears Official Release Read More »

CBS News: Does Goldman Sachs’ Online Bank Marcus Have An Apple Card Gender Issue?

A 2006 study from the National Community Reinvestment Coalition found that joint male and female borrowers “enjoyed more favorable outcomes than either male and female borrowers” on their own. What’s more, NCRC found that individual borrowers were more likely to end up in pricier subprime loans than joint borrowers.

CBS News: Does Goldman Sachs’ Online Bank Marcus Have An Apple Card Gender Issue? Read More »

The Wall Street Journal: Rewrite of Lower-Income Lending Rules to Advance in December

“The timing of this proposal seems to be driven by political considerations, not substantive ones,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition. The OCC’s approach, he said, may boil down CRA to a “dollar volume metric, easily accomplished by making high dollar loans and investments.”

The Wall Street Journal: Rewrite of Lower-Income Lending Rules to Advance in December Read More »

IBTN9 USA: Capital Impact Partners Expands Program to Increase Number of Minority Developers in Washington, D.C. Metropolitan Area

According to a study by the National Community Reinvestment Coalition, about 40% of the District’s lower-income neighborhoods experienced gentrification between 2000 and 2013, giving the city the greatest “intensity of gentrification” of any in the country.

IBTN9 USA: Capital Impact Partners Expands Program to Increase Number of Minority Developers in Washington, D.C. Metropolitan Area Read More »

Medium: In Atlantic City, the Legacy of Segregation and Redlining Endures

This past June, the U.S. Congress opened a hearing to consider a bill that would create a commission to explore options for reparations for the descendants of enslaved people. Central to this conversation is the question of what is owed to African Americans, and what reparations would look like.

Medium: In Atlantic City, the Legacy of Segregation and Redlining Endures Read More »

The Washington Informer: D.C. Council Eyes Financial Literacy Elective for Students

Since the turn of the century, more than 20,000 Black D.C. residents had been displaced, a March study from the National Community Reinvestment Coalition found. The District leads several U.S. cities in this arena because housing values have outpaced the median incomes. In 2009, amid a recession, the District experienced more than 4,000 foreclosures. Several hundred people since then have also filed for bankruptcy.

The Washington Informer: D.C. Council Eyes Financial Literacy Elective for Students Read More »

UTAH POLICY: USU Research Shows Discrimination In Minority- And Women-Owned Small Business Lending Practices

Done in partnership with the National Community Reinvestment Coalition (NCRC), Bone and his colleagues, which include Jerome Williams of Rutgers University and Glenn Christensen of Brigham Young University, have studied 10 years of data on the financial lending landscape for minorities and women.

UTAH POLICY: USU Research Shows Discrimination In Minority- And Women-Owned Small Business Lending Practices Read More »

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